🔥🔥🔥REVOLUTIONARY STEP IN CRYPTOCURRENCY FROM CHINA‼️
China is considering issuing a yuan-indexed stable cryptocurrency to increase the global use of the yuan. The Chinese cabinet is expected to approve the plan within this month (Reuters, 2025). This signifies a fundamental shift in policy following the cryptocurrency ban in 2021 (Bloomberg, 2025).
The yuan's share in global payments fell to 2.88% in June 2025, reaching its lowest level in the last two years; meanwhile, the dollar maintained its leadership with 47.19% (SWIFT, 2025). This move by China is seen as a strategic step towards making the yuan a global currency despite barriers such as strict capital controls and trade surpluses. On the other hand, U.S. President Donald Trump’s approval of regulations supporting dollar-indexed stable cryptocurrencies in 2025 shows that the dollar dominates 99% of the global stablecoin market (BIS, 2025). China's initiative could increase competition in the global financial system.
Conclusion: China's plan for a yuan-indexed stable cryptocurrency stands out as a significant step that could reshape global financial balances.
