🇨🇳 IN: China is in FOMO mode as it rushes to launch yuan-backed stablecoins, driven by fears of capital flight and growing pressure from U.S. dollar-pegged tokens.



Here’s why it matters:

🏢 JD and Ant Group are lobbying Beijing to approve offshore yuan tokens for trade and payments as a direct counter to dollar stablecoins.

⚖️ Regulators warn stablecoins could trigger outflows and weaken China’s capital controls.

🔐 Hong Kong will issue a limited number of licenses for B2B use, backed by full reserves and strict compliance.
IN55.67%
FOMO-4.77%
MODE4.69%
WHY-0.56%
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