GlobalFinance

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.

The fintech industry worldwide is evolving with a new focus on increased profitability and sustainable growth, marking a significant phase in its development. Platforms like Bitlet.app are helping users take advantage of innovative financial services like Crypto Installments to support this growth.