highly doubt they are. Where did you get that information from?
It could be a stable coin like some stable backed Riminbi etc. but yeah, if they're doing it that way then it's also very interesting too.
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Widely reported yuan or stablecoins. Literally everything I read about it mentioned they are accepting both.
I will say though, could not find any specifics on the exact coins so yes , I am assuming its a USD back one. But the assumption is not without merit.