China is considering launching a yuan-backed stablecoin, a surprising pivot after years of cracking down on crypto and pushing the digital yuan. What’s driving this move, and what does it mean for global markets and US dollar dominance?
In this episode of Byte-Sized Insight, host Savannah Fortis speaks with Martin Chorzempa (Peterson Institute for International Economics) and Patrick Tan (ChainArgos) to unpack the policy ambitions, market realities and trust challenges facing a Chinese stablecoin. From Hong Kong to Belt and Road nations, could Beijing’s latest experiment reshape the future of money, or is it destined to remain a symbolic play?
(01:40) – Intro: China’s stablecoin push
(03:04) – The digital yuan’s (CBDC) struggles
(04:54) – Stablecoin potential in cross-border payments
(07:33) – China’s offshore vs onshore yuan
(08:45) – Can the yuan challenge dollar stablecoins?
(10:55) – Why the dollar still dominates
(12:29) – The trust problem for China’s stablecoin
(17:33) – Stablecoins as geopolitical instruments in 2025
This episode was hosted and produced by Savannah Fortis, @savannah_fortis.
Follow Cointelegraph on X @Cointelegraph.
Check out Cointelegraph at cointelegraph.com.
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The views, thoughts and opinions expressed in this podcast are its participants alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.
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