Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats up

Circle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats up

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCircle CEO says China could launch yuan stablecoin within 3 to 5 years as currency race heats upThe pitch is global scale for the yuan, but capital controls, offshore limits and convertibility gaps still stand in the wayBy Sam Reynolds|Edited by Omkar Godbole Apr 16, 2026, 9:12 a.m. Make preferred on Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)What to know: Circle CEO Jeremy Allaire said he sees a "tremendous opportunity" for a yuan-backed stablecoin and predicted China could launch one within three to five years.The idea has shifted from speculation to potential policy, as Chinese officials have reportedly explored a yuan stablecoin despite the country’s ban on crypto tra

Source: https://www.coindesk.com/policy/2026/04/16/circle-ceo-says-china-could-launch-yuan-stablecoin-within-3-to-5-years-as-currency-race-heats-up