China Considering Yuan-Backed Stablecoins to Boost Global Currency Usage, Sources Say

2017-06-01T002129Z_630963168_RC11D0994FB0_RTRMADP_3_BUSINESS-CURRENCY
Aug 20 (Reuters) – China is considering allowing the usage of yuan-backed stablecoins for the first time to boost wider adoption of its currency globally, sources familiar with the matter said, in a major reversal of its stance towards digital assets.

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