{"id":131587,"date":"2025-06-23T09:00:09","date_gmt":"2025-06-23T09:00:09","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=131587"},"modified":"2025-06-23T09:00:09","modified_gmt":"2025-06-23T09:00:09","slug":"china-needs-yuan-backed-stablecoins-sooner-rather-than-later-beijing-urged","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=131587","title":{"rendered":"China needs yuan-backed stablecoins \u2018sooner rather than later\u2019, Beijing urged"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostBeijing must be proactive in \u201cadapting to the trend of stablecoins\u201d, and waiting is not an option as the US has a head start, warns an article on Monday in state media that simultaneously calls for leadership to consider legislation regulating stablecoins while hyping up their potential role in making the yuan a more global currency.<br \/>\nSecurities Times, a publication under party mouthpiece People\u2019s Daily, said experts and industry insiders \u201cgenerally believe that, as an emerging payment tool, the&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3315469\/china-needs-yuan-backed-stablecoins-sooner-rather-later-state-media-urges-beijing?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostBeijing must be proactive in \u201cadapting to the trend of stablecoins\u201d, and waiting is not an option as the US has a head start,&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131587"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131587"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131587\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131587"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}