Yuan
Iran Imposes $1/Barrel Hormuz Transit Fee, Accepts Yuan or Stablecoins
Iran has introduced an approximate $1 per barrel toll for ships transiting the Strait of Hormuz and is asking for payment in Chinese yuan or stablecoins. The move could nudge energy payments away from the dollar and raise fresh compliance questions for shippers and insurers.
China Considers Yuan-Backed Stablecoins to Boost Global Currency Use
China is exploring yuan-backed stablecoins to internationalize its currency, marking a significant shift from its past crypto policies. The plan focuses on regulatory frameworks and deployment in major cities like Hong Kong and Shanghai, aiming for low-cost global transactions amid rising geopolitical and economic challenges.
Published at 2025-08-20 22:07:06
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