Yuan

China Is Pushing Blockchain Adoption, Seizing the Momentum From US

Recently, the National People’s Congress in China cleared a new law that will allow local authorities to start regulating all…

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Facebook Adds Singapore Dollar to Libra Crypto Basket: Report

Details are emerging on which fiat currencies might back the Libra stablecoin. Bloomberg reported Monday that Facebook wrote a letter to U.S.…

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Tether Launches New Stablecoin Pegged to Offshore Chinese Yuan

Stablecoin firm Tether announced the launch of a new stablecoin tied to the offshore Chinese yuan dubbed CNHT. According to…

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Tether Launches Chinese Yuan-Pegged Stablecoin on the Ethereum Blockchain

Tether has launched its Chinese yuan-backed stablecoin, which it revealed will run on top of the ethereum blockchain as an…

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Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week

Bitcoin price has seen a record inverse correlation with the Chinese yuan (CNY) this week, according to an analysis from…

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Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report

Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin…

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No Bank Account Needed to Transfer China’s Upcoming CBDC

Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary…

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Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major…

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Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses

Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth, the state-run People’s Daily reported…

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