# New decentralized stablecoin in China targets international trade

# New decentralized stablecoin in China targets international trade

“# New decentralized stablecoin in China targets international trade ” As financial authorities around the globe become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade. Chris Banbury, head of global operations at permissionless blockchain project Conflux, told Cointelegraph on Sept. 21 that the…

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# Too ‘grande’ to fail — Bitcoin price stumbles at K as China plans for Evergrande’s implosion

# Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion

“# Too ‘grande’ to fail — Bitcoin price stumbles at $44K as China plans for Evergrande’s implosion ” Bitcoin (BTC) faced stiff resistance above $44,000 on Thursday, Sept. 23, as China told governments to prepare for property giant Evergrande to collapse. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers line up to snag sub-$40,000 BTC…

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# Bitcoin bounces again after briefly losing K support — Watch these BTC price levels

# Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

“# Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels ” Bitcoin (BTC) bounced from a second $40,000 retest on Sept. 22 as China calmed global market fears over Evergrande. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China keeps up Evergrande cash injections Data from Cointelegraph Markets Pro and TradingView…

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