🪙 China Launches Yuan-Stablecoin Offshore to Challenge Dollar Dominance

[theSignalyst]

China has rolled out its first offshore yuan-linked stablecoin, called AxCNH, in Kazakhstan.

This move is part of Beijing’s push to integrate blockchain into cross-border trade, and to weaken the U.S. dollar’s grip in global digital finance.

Even though crypto trading is banned domestically, China is playing on the global stage with a bold financial pivot.

[EmTeam]

China banning domestic crypto but pushing blockchain abroad shows its strategy is all about global influence.

[Nahid10]

Linking blockchain to cross-border trade is clearly part of reducing reliance on the U.S. dollar.

[JanEmil]

Good times when their people come back to the exchanges