The End of SWIFT’s Monopoly? China Tees up Commercial Launch of Rival Digit…
In recent developments, mbridge, now under Chinese leadership, would be preparing a commercial rollout with a Hong Kong-based entity to promote the blockchain-based digital yuan as a cheaper and easier…
Bank of China Survey Reveals 95% of Overseas Businesses Will Sustain or Incre…
In recent developments, the survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold…
Robert Kiyosaki Links Iran Yuan Oil Move to US Dollar ‘Death’ Warning
In recent developments, robert Kiyosaki warned that Iran’s yuan-based oil payments could intensify pressure on the U.S. dollar. His comments cited Ray Dalio’s petrodollar analysis and reports involving Strait of…
China’s Yuan Settlements Jump to $214B in March as Russia, Iran Accelerate …
In recent developments, russia and Iran are accelerating their move away from the U.S. dollar and toward the Chinese yuan as Western sanctions and geopolitical pressures deepen, according to a…
Report: China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says
In recent developments, circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a “tremendous opportunity” for China as currency competition shifts onto blockchain infrastructure. Key Takeaways:…
Circle CEO sees ‘tremendous opportunity’ for yuan stablecoin despite Chin…
In recent developments, circle’s Jeremy Allaire sees “tremendous” room for a yuan stablecoin, despite China banning most private yuan tokens and pushing its CBDC to challenge US dollar stablecoins. Looking…
Report Recommends China to Shed US Treasuries as Yuan Internationalization Grows
In recent developments, a report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The…
Iran’s Control of Hormuz Spurs Yuan Oil Payment Shift as Markets React
In recent developments, iran’s grip on the Strait of Hormuz is tightening, and a new wrinkle has emerged: reports suggest Tehran is allowing yuan-based conditions for oil shipments seeking safe…
Groundbreaking: China to Pay Interest on Digital Yuan Deposits in Adoption Push
In recent developments, as part of its plan to accelerate the “construction of a financial power” and develop the digital yuan, the Central Bank of China has announced that it…
Hua Xia state-linked Chinese bank tokenizes $600M in yuan bonds
In recent developments, the bond was auctioned off to holders of the digital yuan, a central bank digital currency (CBDC) developed by the Chinese government. Looking closer, market participants highlight…
Ethereum Foundation sacks 20% of workforce amid strategic restructuring
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