Report: China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says

Circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a tremendous opportunity for China as currency competition shifts onto blockchain infrastructure. Key Takeaways: Circle CEO Jeremy Allaire predicted China could launch a yuan-backed stablecoin within 3 to 5 years. USDC grew 72% year-on-year to $75.3 billion by end-2025, boosted by U.S.-Iran []