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The post China’s Policy Urges Halt on Stablecoins, Focus on Digital Yuan appeared on BitcoinEthereumNews.com. Key Points: China discourages stablecoins, emphasizing digital yuan development for monetary stability. Wang cites USD stablecoin dominance as a risk to China’s currency. e-CNY preferred to maintain sovereignty and prevent financial threats. Former Bank of China Vice President Wang Yongli’s recent article emphasizes China’s firm stance against stablecoins to protect the sovereignty and stability of the renminbi. This policy highlights China’s focus on the digital yuan amidst the dominance of USD stablecoins, impacting global crypto market dynamics and emphasizing monetary sovereignty concerns. Key Points: Wang Yongli’s article stresses China’s intent to accelerate digital yuan initiatives, citing concerns over USD stablecoins, which have an overwhelming global market share. By stopping stablecoins, China aims to maintain control over its financial ecosystem. The emphasis on the digital yuan as a state-backed currency illustrates intentions to sideline privately issued stablecoins, perceived as threats to sovereignty and monetary stability. Experts note that this policy might limit international competition and reinforce domestic control. Reactions within financial markets have been muted. While China’s stance reinforces its existing policy path, the direct impact on USD stablecoin volumes seems limited, given their dominance. However, the statement has reaffirmed China’s commitment to its centralized digital currency over private alternatives. Wang Yongli, Former Vice President, Bank of China, “China’s policy orientation to accelerate the development of the digital yuan and resolutely curb virtual currencies, including stablecoins, has become completely clear.” Strategic Implications for Global Stablecoin Markets Did you know? China’s strategy to restrict stablecoins aligns with its 2021 e-CNY White Paper, identifying private stablecoins as risks to sovereign monetary systems. Tether USDt (USDT) maintains its position at a stable price of $1.00, reflecting a market cap of $185.70 billion and a 24-hour trading volume of $96.30 billion. Price fluctuations remain marginal, with a monthly increase of 0.04%, reported by CoinMarketCap as… The post China’s Policy Urges Halt on Stablecoins, Focus on Digital Yuan appeared on BitcoinEthereumNews.com. Key Points: China discourages stablecoins, emphasizing digital yuan development for monetary stability. Wang cites USD stablecoin dominance as a risk to China’s currency. e-CNY preferred to maintain sovereignty and prevent financial threats. Former Bank of China Vice President Wang Yongli’s recent article emphasizes China’s firm stance against stablecoins to protect the sovereignty and stability of the renminbi. This policy highlights China’s focus on the digital yuan amidst the dominance of USD stablecoins, impacting global crypto market dynamics and emphasizing monetary sovereignty concerns. Key Points: Wang Yongli’s article stresses China’s intent to accelerate digital yuan initiatives, citing concerns over USD stablecoins, which have an overwhelming global market share. By stopping stablecoins, China aims to maintain control over its financial ecosystem. The emphasis on the digital yuan as a state-backed currency illustrates intentions to sideline privately issued stablecoins, perceived as threats to sovereignty and monetary stability. Experts note that this policy might limit international competition and reinforce domestic control. Reactions within financial markets have been muted. While China’s stance reinforces its existing policy path, the direct impact on USD stablecoin volumes seems limited, given their dominance. However, the statement has reaffirmed China’s commitment to its centralized digital currency over private alternatives. Wang Yongli, Former Vice President, Bank of China, “China’s policy orientation to accelerate the development of the digital yuan and resolutely curb virtual currencies, including stablecoins, has become completely clear.” Strategic Implications for Global Stablecoin Markets Did you know? China’s strategy to restrict stablecoins aligns with its 2021 e-CNY White Paper, identifying private stablecoins as risks to sovereign monetary systems. Tether USDt (USDT) maintains its position at a stable price of $1.00, reflecting a market cap of $185.70 billion and a 24-hour trading volume of $96.30 billion. Price fluctuations remain marginal, with a monthly increase of 0.04%, reported by CoinMarketCap as…

China’s Policy Urges Halt on Stablecoins, Focus on Digital Yuan

By: BitcoinEthereumNews
2025/12/06 12:06
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Key Points:
  • China discourages stablecoins, emphasizing digital yuan development for monetary stability.
  • Wang cites USD stablecoin dominance as a risk to China’s currency.
  • e-CNY preferred to maintain sovereignty and prevent financial threats.

Former Bank of China Vice President Wang Yongli’s recent article emphasizes China’s firm stance against stablecoins to protect the sovereignty and stability of the renminbi.

This policy highlights China’s focus on the digital yuan amidst the dominance of USD stablecoins, impacting global crypto market dynamics and emphasizing monetary sovereignty concerns.

Key Points:

Wang Yongli’s article stresses China’s intent to accelerate digital yuan initiatives, citing concerns over USD stablecoins, which have an overwhelming global market share. By stopping stablecoins, China aims to maintain control over its financial ecosystem.

The emphasis on the digital yuan as a state-backed currency illustrates intentions to sideline privately issued stablecoins, perceived as threats to sovereignty and monetary stability. Experts note that this policy might limit international competition and reinforce domestic control.

Reactions within financial markets have been muted. While China’s stance reinforces its existing policy path, the direct impact on USD stablecoin volumes seems limited, given their dominance. However, the statement has reaffirmed China’s commitment to its centralized digital currency over private alternatives.

Strategic Implications for Global Stablecoin Markets

Did you know? China’s strategy to restrict stablecoins aligns with its 2021 e-CNY White Paper, identifying private stablecoins as risks to sovereign monetary systems.

Tether USDt (USDT) maintains its position at a stable price of $1.00, reflecting a market cap of $185.70 billion and a 24-hour trading volume of $96.30 billion. Price fluctuations remain marginal, with a monthly increase of 0.04%, reported by CoinMarketCap as of 04:01 UTC, Dec. 6, 2025.

Tether USDt(USDT), daily chart, screenshot on CoinMarketCap at 04:01 UTC on December 6, 2025. Source: CoinMarketCap

Insights from the Coincu research team suggest that China’s emphasis on the digital yuan could fortify its monetary control, potentially affecting global stablecoin adoption. This move underscores the country’s strategic financial alignments to defend its currency sovereignty.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/news/china-stablecoins-halt-digital-yuan/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

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