Browsing: Economy
The passage of a sprawling budget bill has raised concerns over the long-term debt of the United States, which analysts…
Issuing a stablecoin pegged to the offshore yuan in Hong Kong may be more feasible than in mainland China due…
A Beijing-based fintech services provider, which has provided billing systems for China’s digital yuan, has signed a strategic partnership with…
When South Korea reportedly halted its digital currency pilot programme this week in favour of stablecoins – cryptocurrencies pegged to…
The Hong Kong Monetary Authority (HKMA) has stepped into the financial market for the first time since 2023 to support…
With some major economies leaping onto the stablecoin train – or being urged to do so, to further globalise their…
Central banks are showing more interest in the Chinese yuan as doubts grow about the future of the US dollar,…
Some of emerging Asia’s biggest central banks look to be dialling back their interventions in the currency market.The central banks…
Beijing must be proactive in “adapting to the trend of stablecoins”, and waiting is not an option as the US…
Hongkongers and mainland residents jumped at the chance to send money across the border via a new electronic payment service…