According to @rovercrc, China is considering allowing yuan-backed stablecoins to support RMB internationalization (source: Crypto Rover on X). The post does not reference any official notice or document from the People's Bank of China, State Administration of Foreign Exchange, or other regulators (source: Crypto Rover on X). For context, China is piloting the e-CNY central bank digital currency, which is distinct from privately issued stablecoins in governance and legal status (source: People's Bank of China). An existing offshore yuan-pegged stablecoin, CNHT, is issued by Tether, highlighting current market infrastructure for RMB-linked tokens outside the mainland (source: Tether). Stablecoins are widely used as quote and settlement instruments in crypto trading, making regulatory developments material for liquidity and pricing dynamics if officially confirmed (source: Bank for International Settlements). Traders should await confirmation from official channels such as the People's Bank of China or the Hong Kong Monetary Authority before positioning on this headline (source: People's Bank of China; Hong Kong Monetary Authority).