Offshore RMB Falls Below 7 Against USD Amid Stablecoin Discount

Late December 2025 saw the offshore Chinese yuan weaken past the 7 per dollar mark, coinciding with a drop in dollar-backed stablecoin values.

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Terms & Concepts
  • Offshore RMB (CNH): The Chinese yuan traded outside mainland China, primarily in global financial centers such as Hong Kong.
  • Stablecoin: A cryptocurrency pegged to a stable asset such as the US dollar, designed to reduce volatility.
  • Asset repricing: A market process where the value of assets is adjusted based on changing economic or financial conditions.