China Is More Than Ready for US Stablecoins
Bloomberg reports that e-commerce prowess and Hong Kong’s financial chops can ward off the threat from digital dollars.
Beijing didn’t take Mark Zuckerberg lightly when he came up with his grand idea of a world currency, one that could meet the “daily financial needs of billions of people.” Nor is it ignoring the current buildup of excitement around stablecoin regulation in the US. China’s powerful e-commerce firms and Hong Kong’s financial chops have prepared it well against the... ...
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