China Launches First Offshore Yuan Stablecoin

China debuts yuan-backed stablecoin AxCNH in Kazakhstan.

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45 days ago

China Launches First Offshore Yuan Stablecoin

China has introduced AxCNH, the first regulated yuan-linked stablecoin, in Kazakhstan. The move reflects Beijing’s push to expand the use of blockchain in global trade and cross-border settlements. Analysts see this as a potential challenge to USD-backed stablecoins in the long run.
Reuters• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
neutral
45 days ago

China Launches First Offshore Yuan Stablecoin

China has introduced AxCNH, the first regulated yuan-linked stablecoin, in Kazakhstan. The move reflects Beijing’s push to expand the use of blockchain in global trade and cross-border settlements. Analysts see this as a potential challenge to USD-backed stablecoins in the long run.
Reuters• By Ayush Samantaray
Explore:High Return Equity Mutual Fund
neutral

China Launches First Offshore Yuan Stablecoin

about 2 months ago
1 min read
42 words

China debuts yuan-backed stablecoin AxCNH in Kazakhstan.

China has introduced AxCNH, the first regulated yuan-linked stablecoin, in Kazakhstan. The move reflects Beijing’s push to expand the use of blockchain in global trade and cross-border settlements. Analysts see this as a potential challenge to USD-backed stablecoins in the long run.
China has introduced AxCNH, the first regulated yuan-linked stablecoin, in Kazakhstan. The move reflects Beijing’s push to expand the use of blockchain in global trade and cross-border settlements. Analysts see this as a potential challenge to USD-backed stablecoins in the long run.
Tags:
China
Stablecoin
China
Stablecoin
Yuan
Blockchain
Source: Reuters
By Ayush SamantarayExplore:High Return Equity Mutual Fund
Sep 29, 2025 • 15:58 IST

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