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China Yuan Stablecoin Test After 10-Year Ban: Is Dollar at Risk?
China Yuan Stablecoin Test After 10-Year Ban: Is Dollar at Risk?
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BTCCSquare news:
China's decade-long crypto ban may be entering a new phase as the government explores digital stablecoins. The abrupt policy shift suggests strategic recalibration, potentially challenging dollar dominance in global trade settlements.
Analysts interpret the MOVE as a hedge against USD hegemony, with state-backed yuan-pegged tokens offering controlled exposure to blockchain innovation. This mirrors other central banks' CBDC experiments but introduces novel geopolitical dimensions.
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