BitcoinWorld Yuan-Backed Stablecoins: China’s Bold Move to Revolutionize Global Currency Dominance Imagine a world where the financial landscape isn’t solely dominated by the U.S. dollar. This isn’t just a distant dream for some; it’s a strategic ambition actively being pursued by major economic powers. In a fascinating development, two of China’s tech behemoths, JD.com and Ant Group, are reportedly urging the central bank to greenlight the issuance of yuan-backed stablecoins . This isn’t merely a technological advancement; it’s a pivotal play in the ongoing global financial chess match, aimed squarely at countering the pervasive influence of U.S. dollar-linked digital currencies. The Strategic Push for Yuan-Backed Stablecoins : Why Now? The concept of a stablecoin is simple: a cryptocurrency designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar. For years, stablecoins like Tether (USDT) and USD Coin (USDC) have dominated the crypto market, facilitating billions in transactions daily. Their widespread use, however, inadvertently strengthens the dollar’s digital footprint. China, with its long-standing ambition to internationalize the yuan (CNY), sees this as a critical juncture to introduce its own version of stability in the digital realm. The push by JD.com and Ant Group for yuan-backed stablecoins signals a clear intent: to leverage the burgeoning digital asset space to enhance the Chinese currency’s global standing. By issuing these stablecoins, particularly offshore in financial hubs like Hong Kong, China aims to: Facilitate Cross-Border Trade: Streamline international transactions, making them faster and potentially cheaper. Boost Yuan’s Liquidity: Increase the yuan’s availability and usability outside mainland China. Reduce Reliance on USD: Create an alternative rail for digital finance, lessening dependence on dollar-denominated assets. Foster Financial Innovation: Open new avenues for financial products and services within the yuan ecosystem. This move isn’t just about catching up; it’s about shaping the future of global finance from a distinct Chinese perspective. Unpacking the Ambition Behind China Stablecoin Initiatives The idea of a China stablecoin , particularly one backed by the yuan, carries significant weight. Unlike decentralized cryptocurrencies, these stablecoins would likely operate within a more controlled and regulated framework, albeit offshore. The proposals from JD.com and Ant Group specifically mention launching offshore yuan-backed stablecoins in Hong Kong, and Hong Kong dollar-pegged stablecoins when new local regulations take effect on August 1. Hong Kong serves as an ideal launchpad due to its status as a global financial center and its unique administrative relationship with mainland China. Its robust regulatory framework, currently being updated for virtual assets, provides a conducive environment for such initiatives. This strategic choice allows for innovation while maintaining a degree of oversight and control, crucial for Beijing’s cautious approach to digital finance. The involvement of giants like JD.com, often dubbed ‘China’s Amazon’ due to its vast e-commerce and logistics network, and Ant Group, the fintech arm of Alibaba and operator of Alipay, highlights the commercial imperative behind this drive. These companies have extensive experience in digital payments and large user bases, making them natural candidates to spearhead such a significant undertaking. Their success in domestic digital payments could potentially be replicated on an international scale with yuan-backed stablecoins. How Does This Relate to the Broader Digital Yuan Vision? It’s important to differentiate between these proposed private yuan-backed stablecoins and China’s ongoing central bank digital currency (CBDC) project, the e-CNY, often referred to as the digital yuan . The digital yuan is a direct liability of the People’s Bank of China (PBOC), designed primarily for domestic retail payments, though cross-border pilots are underway. So, how do these two initiatives coexist? Think of it this way: e-CNY (Digital Yuan): This is the official, sovereign digital currency. It’s like a digital version of physical cash, controlled and issued by the central bank. Its primary focus has been on domestic use cases, enhancing financial inclusion, and combating illicit activities. Yuan-Backed Stablecoins (Proposed by Tech Firms): These would be issued by private entities, likely pegged to the offshore yuan (CNH) or Hong Kong dollar (HKD), and primarily aimed at facilitating international transactions, particularly in the crypto ecosystem or cross-border trade. While distinct, they could be complementary. The existence of private yuan-backed stablecoins could create a broader ecosystem for the yuan in digital finance, potentially paving the way for greater acceptance and utility of the digital yuan in international contexts down the line. It’s a multi-pronged strategy to enhance the yuan’s digital presence globally, exploring different avenues for adoption and utility. The Powerhouses: What Drives JD.com Ant Group ‘s Advocacy? The advocacy from JD.com Ant Group isn’t purely altruistic; it’s deeply rooted in strategic business interests and future growth. Both companies are at the forefront of China’s digital economy, with massive user bases and extensive experience in online payments, e-commerce, and financial services. JD.com: As a major e-commerce player with significant cross-border operations, a yuan-backed stablecoin could dramatically simplify international payments for its merchants and customers. Imagine seamless transactions for goods imported or exported, bypassing traditional banking intermediaries and their associated costs and delays. Ant Group: As the operator of Alipay, one of the world’s largest mobile payment platforms, Ant Group has a natural inclination towards expanding its financial services globally. A yuan-backed stablecoin could be integrated into its existing payment infrastructure, offering new products and services to its vast network of users and businesses, particularly those engaged in international trade. Their involvement underscores a pragmatic understanding that digital currencies are the future of finance. By actively participating in their development and advocating for their approval, JD.com Ant Group aims to secure a dominant position in this evolving landscape, ensuring their continued relevance and growth in an increasingly digital and globalized economy. Reshaping the Landscape: Implications for Global Currency Dynamics The prospect of widely adopted yuan-backed stablecoins carries profound implications for the dynamics of global currency . For decades, the U.S. dollar has reigned supreme as the world’s reserve currency, facilitating the majority of international trade, finance, and investment. This dominance provides the U.S. with significant geopolitical and economic leverage. China’s push for its own digital currency ecosystem, including these proposed stablecoins, is a clear challenge to this status quo. While it’s unlikely to fully dethrone the dollar overnight, it represents a significant step towards creating a more multipolar financial world. Here’s what it could mean: Increased Competition: The emergence of a credible yuan-backed digital alternative could foster greater competition in the international payments landscape, potentially leading to lower transaction costs and faster settlements for all. Geopolitical Shifts: A stronger yuan in the digital realm could enhance China’s soft power and influence, offering countries an alternative to dollar-denominated trade and investment. New Financial Corridors: It could pave the way for new digital trade routes and financial corridors that are less reliant on traditional Western financial infrastructure. Regulatory Race: It will undoubtedly intensify the global regulatory race for digital assets, as nations scramble to establish frameworks that protect their interests while fostering innovation. The journey for yuan-backed stablecoins will face challenges, including regulatory hurdles, trust-building with international users, and geopolitical complexities. However, the strategic intent is clear: to carve out a significant share of the future digital financial ecosystem and reshape the dynamics of global currency dominance. This development is not just about a new type of digital money; it’s about the evolution of global power and economic influence in the digital age. Benefits and Challenges Ahead The path forward for yuan-backed stablecoins is paved with both immense opportunities and significant obstacles. Understanding these will be key to grasping their potential impact. Key Benefits: Enhanced Efficiency: Digital stablecoins can significantly reduce the time and cost associated with cross-border payments and remittances, benefiting businesses and individuals alike. Financial Inclusion: By leveraging mobile and digital platforms, these stablecoins could provide easier access to financial services for unbanked or underbanked populations, especially in regions with strong economic ties to China. Innovation Catalyst: The approval and adoption of these stablecoins could spur further innovation in decentralized finance (DeFi) and other blockchain-based applications, creating new markets and services. Strategic Advantage: For China, it represents a strategic move to assert its currency’s relevance in the digital era, offering an alternative to the dollar-centric system. Potential Challenges: Regulatory Scrutiny: Gaining widespread international acceptance will require robust regulatory frameworks that address concerns around money laundering, data privacy, and financial stability. Trust and Transparency: Building global trust in a stablecoin backed by the yuan, especially given geopolitical tensions, will be a significant hurdle. Transparency in reserves and operations will be paramount. Interoperability: Ensuring seamless integration with existing global financial systems and other digital asset platforms will be crucial for widespread adoption. Geopolitical Resistance: Other nations, particularly the U.S., may view the rise of yuan-backed stablecoins as a threat to their financial hegemony, potentially leading to pushback or competitive initiatives. A Glimpse into the Future The combined advocacy of JD.com and Ant Group for yuan-backed stablecoins marks a significant moment in the evolution of digital finance and global economic power. It’s a bold declaration of intent from China to ensure its currency plays a central role in the digital economy of tomorrow. While the journey will undoubtedly be complex, fraught with regulatory, technological, and geopolitical challenges, the strategic vision is clear: to build a more diversified and digitally enabled global financial system. The coming months, particularly after Hong Kong’s new regulations take effect, will be crucial in observing how these ambitious plans begin to unfold and what impact they truly have on the established order. To learn more about the latest crypto market trends, explore our article on key developments shaping global currency price action. This post Yuan-Backed Stablecoins: China’s Bold Move to Revolutionize Global Currency Dominance first appeared on BitcoinWorld and is written by Editorial Team
Mercado Bitcoin is pioneering the tokenization of over $200 million in regulated real-world assets on the XRP Ledger, signaling a major step in bridging traditional finance with blockchain technology. This
As Ripple and Boston Consulting Group forecast a $19 trillion tokenized asset market by 2033, Mercado Bitcoin is staking its claim early, with plans to deploy $200 million in regulated instruments on XRPL. In a press release on July 4, Ripple announced that Mercado Bitcoin, Latin America’s crypto giant, will tokenize over $200 million in permissioned real-world assets (RWAs), including fixed income and equity instruments, on the XRP Ledger. The move is part of Mercado Bitcoin’s broader push to expand beyond Brazil, using tokenized financial instruments as a bridge into international markets. According to Ripple, it represents one of the most significant institutional deployments of regulated assets on XRPL to date, positioning Mercado Bitcoin at the forefront of blockchain’s collision with traditional finance. You might also like: Ondo Finance to acquire SEC-regulated broker-dealer Oasis Pro Mercado Bitcoin’s institutional-grade tokenization play Mercado Bitcoin’s decision to tokenize $200 million in permissioned fixed income and equity products on the XRP Ledger is a calculated effort to position the exchange as a gateway between local financial markets and global capital networks. By leveraging XRPL’s infrastructure, Mercado Bitcoin is bypassing the walled gardens of traditional finance, opting instead to issue real-world assets directly on a public blockchain built with institutional use in mind. XRPL’s design for financial settlement, with near-instant finality and negligible fees, makes it a natural fit for regulated assets. But more importantly, its decade-long operational history, processing over 3.3 billion transactions without a single breach, gives institutional players the confidence to move real-world value onchain. Silvio Pegado, Ripple’s Managing Director for LATAM, put it succinctly: “Mercado Bitcoin’s integration with the XRPL shows how public blockchain infrastructure is being trusted by institutions and is becoming a reliable foundation for bringing regulated financial products to the market,” Pegado said. That trust isn’t theoretical. According to the press release, over 70 central banks, regulators, and financial institutions already interact with networks connected to MB’s ecosystem, signaling a quiet but seismic institutional pivot toward blockchain-based finance. The numbers back the momentum. A 2025 Ripple and Boston Consulting Group report projects the tokenized asset market will surge from $0.6 trillion today to $19 trillion by 2033, a potential 30x increase in less than a decade, with Mercado Bitcoin likely leading the charge alongside TradFi giants pivoting to RWAs. The platform has already tokenized over R$1 billion in private credit assets with zero defaults, earning its place among the world’s top five RWA tokenizers. Its ongoing work with Ripple, including cross-border treasury flows between Brazil and Portugal and the listing of the RLUSD stablecoin, demonstrates a deliberate shift toward blockchain-powered financial infrastructure. Read more: Bitcoin wallet wakes up after 14 years, moves 80,000 BTC
US and EU remain at odds in current tariff negotiations. Bitcoin and altcoins face significant selling pressure amidst these tensions. Continue Reading: Cryptocurrency Prices Plummet as US-EU Tensions Escalate The post Cryptocurrency Prices Plummet as US-EU Tensions Escalate appeared first on COINTURK NEWS .
As Erebor fills the void left by the collapsed SVB, experts are warning about the potential risks of stablecoin integration with banking. Stablecoins are increasingly integrating with traditional finance, which presents both risks and opportunities. Amid the launch of a stablecoin-powered bank, Erbor , backed by Palmer Luckey and Palantir’s Joe Lonsdale, crypto is becoming increasingly exposed to DeFi. Mitchell Amador, CEO of the blockchain security firm Immunefi, shared his insights with crypto.news on this topic. According to Amador, the integration between banks and DeFi protocols carries several structural trade-offs. Notably, banks will gain access to more functionality but also become more exposed to risk. “This proposal to use stablecoins so ambitiously is actually very natural. And it’s probably going to be, at this rate, the future of fintech and banking more broadly. However, this approach carries risks. By exporting most of your underlying ledger and making your bank products widely interoperable with a broader financial ecosystem, you become reliant on that ecosystem — especially on stablecoin standards and the smart contracts behind them — and responsible for securing them,” Mitchell Amador, Immunefi. You might also like: Hackers keep exploiting audited DeFi protocols: What’s missing? | Opinion Banks will have to learn DeFi security Most banks rely on regulated and closed systems, including SWIFT and Fedwire, for transfers. On the other hand, DeFi protocols are controlled by third parties, relying on smart contracts that could have vulnerabilities. “You also develop a very particular focus on crypto authentication and crypto security, especially in the context of treasury management. Not all banks will succeed in this endeavor. Consider that most exchanges are effectively stablecoin-based banks today, with one loose bridge out into the fiat world. That’s basically what is being proposed here as well,” Mitchell Amador, Immunefi. In recent years, crypto firms have had issues getting access to banking services, which saw the business as too risky. One bank, SVB, which regularly served crypto clients, collapsed in 2023 , due to its reliance on U.S. Treasury yields. Read more: $2.4B lost in 2025 H1 crypto hacks — exchanges and DeFi hit hardest: report
Bitcoin is experiencing a significant market shift as long-term whales sell off 500,000 BTC, while institutional investors accumulate nearly 900,000 BTC, reshaping ownership dynamics. This transition marks a pivotal moment
Key takeaways: Our SEI price prediction anticipates a high of $0.38 by the end of 2025. In 2027, it will range between $0.71 and $0.86, with an average price of $0.73. In 2030, it will range between $2.02 and $2.48, with an average price of $2.08. The parallel stack, a robust, open-source framework designed for crafting rollups and layer 2s that harness parallel processing, is now on SEI V2. The stack enhances Ethereum ’s performance by targeting most bottlenecks that Layer 2 blockchains face. Such developments are anticipated to drive SEI value over the long term. Regarding price performance, SEI shows signs of trading higher; however, it remains affected by the general market sentiment. How high will SEI go? Is SEI a good investment? What will SEI’s value be in 2025? Will SEI rise? Read on and discover the SEI price prediction from 2025 to 2031. Overview Cryptocurrency Sei Symbol SEI SEI current price $0.2621 Market cap $1.45B Trading volume (24 hours) $171.97M Circulating supply 5.55B All-time high $1.14 on Mar 16, 2024 All-time low $0.007989 on Aug 15, 2023 24-hour high $0.2748 24-hour low $0.2590 SEI price prediction: Technical analysis Metric Value Volatility (30-day variation) 20.78% 50-day SMA $0.2227 200-day SMA $0.2717 Sentiment Neutral Green days 16/30 (53%) Fear and Greed Index 73 (Greed) SEI price analysis On July 4, amid rising price volatility, the SEI price dropped by 4.04% in 24 hours, and its trading volume dropped by 36.48%, showing less interest from traders. SEI/USD 1-day chart price analysis SEIUSD chart by TradingView SEI broke out downwards in December 2024, a trend that has continued for the better part of the year. Last month, it started recovering, rising to $0.27. On June 17, it broke out upwards, peaking at $0.34. The MACD histograms show waning positive momentum, and the William Alligator trendlines show rising volatility. The relative strength index (RSI) is in neutral territory at 62.41. It is overbought when the RSI rises above 70. SEI/USD 4-hour chart price analysis SEIUSD chart by TradingView The 4-hour chart shows SEI is trading below the moving averages, a bearish signal. The RSI is now at 44.92, in neutral territory. Notably, it registers negative momentum. SEI technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.2374 BUY SMA 5 0.2638 SELL SMA 10 0.2780 SELL SMA 21 0.2379 BUY SMA 50 0.2227 BUY SMA 100 0.2119 BUY SMA 200 0.2717 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.2403 BUY EMA 5 0.2275 BUY EMA 10 0.2112 BUY EMA 21 0.1999 BUY EMA 50 0.2124 BUY EMA 100 0.2582 BUY EMA 200 0.3195 SELL What to expect from SEI price analysis next? SEI price analysis shows the market is bearish. Its trading activity has dropped as more traders position themselves.. Expect more volatility over the next few days. Recent news Sei Labs, a main contributor to Sei blockchain, has announced the release of the Sei Giga whitepaper, outlining the design of the industry’s first multi-proposer Ethereum Virtual Machine layer 1 blockchain. The solution removes network bottlenecks related to data availability, execution, and storage, among other things. Why is SEI down? SEI was bearish over the last weeks as it fell into annual lows. The drop continues despite a rising TVL , indicating rising interest in its DeFi market. Will SEI reach $1? According to the Cryptopolitan price prediction, SEI will rise above $1 in 2028, when the coin will reach a high of $1.21. Can Sei Coin reach $10? Per the Cryptopolitan price prediction, SEI is unlikely to reach $10 before 2031. Will SEI reach $100? Per the Cryptopolitan price prediction, SEI is unlikely to reach $100 before 2031. Does SEI have a good long-term future? According to Cryptopolitan price predictions, SEI will trade higher in years to come. However, factors like market crashes or difficult regulations could invalidate this bullish theory Is SEI a good investment? SEI has growing utility, and its EVM compatibility helps it steal a share of Ethereum’s dominance. While the technical analysis is bearish, price predictions paint a different picture. Recent news SEI has introduced the SEI Development Foundation, a U.S. nonprofit organization headquartered in Manhattan, to provide the infrastructure required for institutional adoption and for builders to accelerate crypto’s future globally. SEI price prediction July 2025 SEI will average $0.24 in July. The price will range between $0.19 and $0.32. Month Potential low ($) Potential average ($) Potential high ($) July 0.1928 0.2412 0.3195 SEI price prediction 2025 This year, SEI will trade between a minimum of $0.14 and a maximum of $0.38, averaging $0.28. Year Potential low ($) Potential average ($) Potential high ($) 2025 0.1412 0.2836 0.3827 SEI price prediction 2026 – 2031 Year Potential low ($) Potential average ($) Potential high ($) 2026 0.4855 0.4993 0.5933 2027 0.7054 0.7254 0.8574 2028 1.0200 1.0500 1.2100 2029 1.4200 1.4600 1.7700 2030 2.0200 2.0800 2.4800 2031 2.9100 2.9900 3.5100 SEI price prediction 2026 Per expert predictions, the price of SEI will range between $0.49 and $0.59, with an average of $0.50. SEI crypto price prediction 2027 The SEI forecast climbs higher into 2027. It will range between $0.71 and $0.86, with an average price of $0.73. SEI coin price prediction 2028 The analysis suggests a further acceleration in SEI’s growth in 2028. According to the Cryptopolitan price forecast, it will trade between $1.02 and $1.21, with a year-round average of $1.05. SEI price prediction 2029 As per the SEI price prediction for 2029, it will reach a maximum price of $1.77 and a minimum price of $1.42, with an average price of $1.46. SEI price prediction 2030 The SEI coin price prediction for 2030 suggests a price range of $2.02 to $2.48 and an expected average trading price of $2.08. This long-term prediction also hinges on SEI’s rising global recognition and adoption. SEI prediction 2031 SEI forecast for 2031 sets the high at $3.51. On the lower side, it will drop to a low of $2.91, with an average price of $2.99. SEI price prediction 2025 – 2031 SEI market price prediction: Analysts SEI price forecast Firm 2025 2026 2027 Digitalcoinprice $0.31 $0.41 $0.57 Gate.io $0.16 $0.16 $0.18 Coincodex $0.50 $0.37 $0.20 Cryptopolitan SEI price prediction While the short-term sentiment is bearish, we anticipate SEI will trade higher in the coming years. The coin will achieve a high of $0.38 before the end of 2025. In 2027, it will range between $0.71 and $0.86, with an average of $0.73. However, you should note that SEI is still highly volatile. Negative market sentiment, such as market crashes, could derail the predictions. SEI historic price sentiment Sei price history by CoinGecko SEI network launched in August 2023 after its public beta went live. A community airdrop accompanied the launch. As per CoinMarketCap data, it started trading at $0.1808. Since listing, it has experienced significant fluctuations, reaching an all-time low of $0.007989 on August 15, 2023. The coin would later register its all-time high of $1.14 on Mar 16, 2024. Since March, it has maintained a constant bear run, falling to the $0.27 mark in September. It then started recovering and traded at $0.45 in October. It then started recovering in November; by December, it had risen above $0.68. It later corrected and crossed into 2025, trading at $0.40, dropping to $0.32 in February. By March, it had fallen below $0.27. In June, it fell below $0.20. In July, it recovered, rising above $0.25.
Ethereum co-founder Vitalik Buterin has publicly endorsed Roman Storm’s initiative aimed at enhancing global cybersecurity standards. Buterin emphasized the critical role of the United States in spearheading efforts to reduce
In a stunning week for crypto equities, Bitmine Immersion Technologies (BMNR) stole the headlines with a jaw-dropping 3,000% spike following news of a $250 million private placement to build an Ethereum (ETH) treasury. Bitmine official Twitter update on Q1 2025 revenue and mining capacity expansion: ”$BMNR reports a 135% revenue increase YOY for Q1 2025 and tripled self-mining capacity with 3,000 new miners!” This bold move from Bitcoin mining to an Ethereum-focused treasury strategy at the hands of Fundstrat's Tom Lee as new chairman has been drawing investors' eyes and sending Bitmine's stock from around $4.50 to over $135 in days. The surge is one of a broader crypto mining stocks rally throughout 2025, which as a group have outperformed Bitcoin and traditional assets. Crypto stocks have surged 119% year to date, with miners like Riot Platforms, Hive Digital, Hut 8, MARA Holdings, and Bitfarms posting double-digit returns of 13% to 28% in recent sessions, as per recent news. The rally has been driven by encouraging macroeconomic trends, such as the improved-than-expected U.S. job growth, which has supported risk-on mood in the equity markets. Ethereum Treasury Strategy: The Catalyst Behind Bitmine's Meteoric Rise Bitmine's devotion of its treasury nearly wholly to Ethereum is a strategic decision in accordance with growing institutional demand for ETH as a hold asset for reserve purposes. Its $250 million fundraise assembled crypto heavyweight investors in the guise of Founders Fund, Pantera Capital, Galaxy Digital, and Kraken. Bitmine is attempting to mimic MicroStrategy's Bitcoin treasury strategy but in Ethereum, claiming proxy status for public exposure to ETH. This move is part of a broader trend of companies placing Ethereum in their treasury strategies, driven by the rise in stablecoins, tokenization, and fresh DeFi use cases. Institutional ETH holding reached all-time highs, with wallets holding over 22 million ETH through June 2025, up 36% in one month. Mining Stocks vs. Bitcoin While Bitcoin mining stocks historically have tracked Bitcoin price action, 2025 has seen them beating Bitcoin itself, anticipating adoption and profitability optimism in digital assets. The VanEck Digital Transformation ETF, which tracks cryptocurrency-related companies including miners, has gained more than 20% year-to-date. Bitcoin's hashprice — the revenue miners earn per unit of computational capacity — also increased recently, rising nearly 10% to approximately $58 per PH/s/day, which indicates better mining economics with rising Bitcoin prices and network changes. The improvement adds validity to valuations of mining shares but also highlights the industry's underlying volatility. What Investors Should Watch While the euphoria grips, analysts are warning against caution. Bitmine's rally is a reminder of Sharplink Gaming's earlier spike and subsequent fall, whose shares also fell precipitously after insiders sold out. The speculative nature of crypto equities and the price volatility mean that investors must scrutinize fundamentals and market conditions before riding gains. This crypto mining stock rally, led by Bitmine's historic 3,000% jump, signals an active transformation in the manner in which mining companies and investors are queueing up for the emerging crypto market in 2025. While there may be vast upside potential, the whiplash volatility and speculation risks call for guardedly strategic approach as the sector keeps unfolding.
Ethereum co-founder Vitalik Buterin publicly supports Roman Storm of Tornado Cash, emphasizing the critical role of privacy tools in blockchain security amid ongoing regulatory challenges. Buterin’s advocacy highlights the growing