[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![trustra1_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1887960307001401344.png) Trust aura [@trustra1_](/creator/twitter/trustra1_) on x XXX followers
Created: 2025-07-17 11:16:54 UTC

The Yuan-Backed Stablecoin: A Game-Changer for CryptoChina is poised to shake up the cryptocurrency landscape with the launch of a yuan-backed stablecoin, reportedly developed by tech giants like and Ant Group in collaboration with Hong Kong-based entities. Set to align with Hong Kong’s new stablecoin regulations effective August 1, 2025, this initiative aims to challenge the dominance of US dollar-backed stablecoins (e.g., USDT, USDC) and elevate the yuan’s role in global finance.


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945804901902405979/c:line.svg)

**Related Topics**
[cryptocurrency](/topic/cryptocurrency)
[coins stablecoin](/topic/coins-stablecoin)

[Post Link](https://x.com/trustra1_/status/1945804901902405979)