Chinese yuan Financial News

20.05 / 09:49

Stablecoin Chinese yuan HKIIF Chair Advocates for Hong Kong to Develop CNY-Pegged Stablecoin

The Hong Kong Institute for International Finance (HKIIF) Chairman Xiao Geng recently highlighted the potential benefits of a CNY-pegged stablecoin for Hong Kong during an event.

29.02 / 00:25

Bitcoin Price Chinese yuan Bitcoin Reaches All-Time High Against Chinese Yuan, Exposing Central Bank Practices

Bitcoin surged to an all-time high against the Chinese Yuan (CNY) today, propelled by a recent rally and growing anticipation surrounding the Bitcoin halving event.

17.08 / 04:47

UPS Lowe's Reuters Gap show Support Chinese yuan Asia FX dips on Fed concerns, Chinese yuan sees intervention support

Investing.com-- Most Asian currencies fell on Thursday after the minutes of the Federal Reserve’s July meeting presented a hawkish outlook on interest rates, while the Chinese yuan rose amid reports of currency market intervention by the state.

28.07 / 20:09

UPS Progressive country Latin Chinese yuan Bolivia challenges global dollar dominance with Chinese yuan, Russian rouble

LA PAZ (Reuters) — Bolivia's government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows.

20.07 / 06:13

UPS Reuters show performer reports surges Chinese yuan Asia FX rises, Chinese yuan surges amid intervention reports

Investing.com — Most Asian currencies rose on Thursday as a rebound in the dollar paused, while the Chinese yuan shot up amid reports of government intervention to support the battered currency.

17.07 / 08:33

UPS Target Progressive Manufacturing Harmonic week Chinese yuan Dollar stabilizes after last week's selloff; Chinese yuan hit by weak GDP

Investing.com — The U.S. dollar stabilized in early European hours Monday after suffering its worst weekly drop this year, while weak Chinese growth data pressured the yuan.

15.03 / 13:03

business Kucoin Stablecoin Altcoin Funding Chinese yuan KuCoin leads $10M funding for Chinese yuan stablecoin issuer

The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer.

03.03 / 00:19

Blockchain Adoption Banks Chinese yuan Russian bank issues first on-chain bank guarantee in Chinese yuan

Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming the product is the first in the country. The bank guarantee exceeds 100 million Chinese yuan — or nearly $144,600 USD at time of publication.

08.12 / 15:09

Tether USDT Chinese yuan Tether Adds Offshore Chinese Yuan to Its Stablecoin Offering – China Crypto Surge Coming?

Tether, the company behind the largest stablecoin USDT, has expanded its offerings to include offshore Chinese Yuan (CNH₮) stablecoin on the Tron blockchain. The move will enable Chinese customers to send and receive payments in the stablecoin with fewer fees compared to the Ethereum blockchain.

18.01 / 22:52

UPS Citi Reuters Chinese yuan Rate Cut Chinese yuan could come under more pressure after surprise rate cut

China's central bank unexpectedly cut loan rates on Monday — a move that will likely put more downward pressure on the Chinese currency, one analyst said.

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