China's Central Bank Clarifies Stablecoin Status: Virtual Currency Under Stricter Supervision
China's Central Bank Clarifies Stablecoin Status: Virtual Currency Under Stricter Supervision
🏛️ China draws stablecoin lines
China's central bank has officially classified stablecoins as virtual currency - neither banned goods nor legal tender. This regulatory clarification creates a middle ground for digital assets in the world's second-largest economy.
Key developments:
- Stablecoins receive virtual currency designation
- Commercial and settlement activities face increased supervision
- Market participants must navigate stricter oversight requirements
The regulatory framework establishes clear boundaries while avoiding an outright ban. Chinese officials emphasized that virtual currencies lack the legal status of fiat money during recent inter-agency meetings.
Market impact appears measured as participants adjust to the new supervisory environment. The classification provides regulatory clarity while maintaining government control over digital asset activities.
This measured approach reflects China's ongoing effort to balance innovation with financial stability concerns.
China’s central bank labels #stablecoins as virtual currency, not banned goods, but also not anything resembling legal tender. 💡🚫 Commercial and settlement activity around them moves under stricter supervision. A quiet boundary drawn, and the market feels it. 🔍📉
BRIDGERS Adds COINON Cross-Chain Support
BRIDGERS has integrated COINON (ERC20) token for cross-chain routing. The platform enables users to move COINON across different blockchains using: - **Non-custodial execution** through smart contracts - **Aggregated liquidity** pools - **User-authorized transactions** This follows recent additions of USDT on Gnosis, USDT0 on XLayer, MUON, IVVON, and USDY tokens to the BRIDGERS platform. The service allows users to maintain control of their assets while routing tokens between chains. Access the platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz).
OPENAI Token Now Available for Cross-Chain Routing on Bridgers
Bridgers has added support for $OPENAI token, enabling users to route it across multiple blockchain networks. **Key Features:** - Non-custodial execution through smart contracts - Aggregated liquidity across chains - User-authorized transactions This addition follows recent listings of $ANTHROPIC, $gasDAI, and $XDAI on the platform. Bridgers continues expanding its cross-chain routing capabilities, now supporting over 40 blockchains and 600+ assets. The platform recently upgraded its user interface to provide clearer rate visibility and a more streamlined authorization and routing process. [Access the dApp](http://dapp.bridgers.xyz)
RCON Token Now Available for Cross-Chain Routing on BRIDGERS Platform
**RCON token is now live on BRIDGERS**, enabling users to move the token across different blockchain networks. **Key features of the integration:** - Non-custodial execution means users maintain control of their assets - Smart contract-based routing handles the technical process - Aggregated liquidity pools facilitate transfers - Users authorize transactions directly from their own wallets The listing was announced earlier this month and is now accessible through the BRIDGERS platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz).
Bridgers Increases Bitcoin Transaction Capacity to Nearly 2 BTC Per Swap
Bridgers has expanded its cross-chain routing capacity, now supporting transactions of nearly 2 BTC per swap. **Key Features:** - Non-custodial execution with smart contract-powered routing - Aggregated liquidity across multiple blockchain ecosystems - Support for over 400 cryptocurrencies including BTC, XMR, and various tokens - Users maintain control by authorizing transactions from their own wallets The platform continues to add new token support, recently integrating BPRM (BASE), XMR, and various chain-specific assets. Bridgers focuses on optimizing execution paths by aggregating liquidity across different ecosystems. Access the platform at [dapp.bridgers.xyz](http://dapp.bridgers.xyz)
🌉 Bridgers Enables Cross-Chain Bitcoin Transfers
**Bridgers now supports BTC cross-chain transfers**, allowing users to move Bitcoin between different blockchain networks. **How it works:** - Connect your wallet to [Bridgers dApp](http://dapp.bridgers.xyz) - Select your transfer route - Set the amount - Authorize the transaction The platform operates in the background to facilitate Bitcoin transfers across chains. Bridgers aggregates liquidity across multiple ecosystems to calculate optimal execution paths for cross-chain transactions, eliminating the need for multiple protocols.