According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This token could originate in Hong Kong, which has already enacted regulations for such instruments. Analysts: China Has the Option to Fight Dollarization With Yuan Stablecoin The U.S. government’s push for […]
Source: https://news.bitcoin.com/analysts-china-should-introduce-yuan-alternatives-to-combat-dollarization-driven-by-stablecoins/