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Hong Kong trials stablecoin, boosting digital yuan globally
Hong Kong trials stablecoin, boosting digital yuan globally
WEDNESDAY, AUGUST 20, 2025
Hong Kong passed a stablecoin law on August 1, trialling HKD Stablecoin in Sandbox to link digital yuan, expanding its global influence and reducing the dollar's role.E-CNY designed for retail transactions, not to take place of dollar, expert says
E-CNY designed for retail transactions, not to take place of dollar, expert says
MONDAY, APRIL 18, 2022
China's e-CNY, also known as the digital yuan, is designed for retail transactions for the convenience of people and merchants, rather than to replace the US dollar, said Zhou Xiaochuan, president of the China Society for Finance and Banking.Biden team eyes potential threat from China's digital yuan
Biden team eyes potential threat from China's digital yuan
TUESDAY, APRIL 13, 2021
The Biden administration is stepping up scrutiny of China's plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar as the world's dominant reserve currency, according to people familiar with the matter.