IMF: Renminbi reserves fall to 1.93% in 2025 Q3 as traders pivot to USDT and Bitcoin

In 2025 Q3, the IMF reports the renminbi at 1.93% of global FX reserves, about $251 billion within a $13 trillion pool, while the dollar holds 56.92%. Amid capital controls, Chinese traders and exporters increasingly use USDT and Bitcoin, and stablecoins in circulation exceed $305 billion, according to Artemis.