China’s Potential Stablecoin Policy Shift: Implications for USDT and Global Crypto Markets

In a significant development that could reshape the global cryptocurrency landscape, Chinese regulators held a high-level meeting on July 10, 2025, to discuss the implications of stablecoins and digital assets. This meeting, convened by the Shanghai SASAC, brought together 60-70 officials to explore the growing role of stablecoins like USDT and USDC in global finance, which now boast a combined market cap exceeding $200 billion. The discussions signal a potential reevaluation of China's stringent crypto ban, especially in light of Bitcoin's remarkable surge beyond $118,000. This article delves into the details of the meeting, the potential policy shifts, and what this could mean for the future of stablecoins and digital assets in China and beyond.

China Considers Stablecoin Policy Shift Amid Bitcoin's Rally Past $118K

Chinese regulators held a high-level meeting on July 10, 2025, to discuss the implications of stablecoins and digital assets, signaling a potential reevaluation of the country's crypto ban. The Shanghai SASAC convened 60-70 officials to explore the growing role of stablecoins like USDT and USDC in global finance, now boasting a combined market cap exceeding $200 billion.

Bitcoin's surge beyond $118,000 appears to have accelerated Beijing's engagement with the crypto sector. While no policy changes have been announced, the rare regulatory discussion suggests China may be positioning itself to participate in the digital asset economy it once shunned.

The timing underscores how stablecoins have become unavoidable in cross-border finance. Market observers interpret the meeting as China's first step toward potentially regulated crypto adoption, with state-owned enterprises likely to play a central role in any future framework.

Tron Surpasses PayPal in Daily Stablecoin Volume with $21B Settlements

Tron's blockchain has eclipsed traditional payment giants like PayPal and Stripe in daily stablecoin transactions, processing over $21 billion per day. The network now handles more than three times Ethereum's stablecoin volume, cementing its position as a leader in high-throughput, low-cost crypto payments.

Since its 2018 mainnet launch, TRON has evolved from a content-sharing platform to a decentralized finance powerhouse. The network supports 318 million accounts and has facilitated $19.6 trillion in on-chain transactions. USDT (Tether) dominates activity on the chain, which sees over 1 million daily transactions.

Founder Justin Sun's strategic pivot to dApps and smart contracts—including the 2018 BitTorrent acquisition—has transformed Tron into a community-governed DAO. Its native TRX token now resides in 186 million active wallets, demonstrating remarkable grassroots adoption.

Crypto's Innovation Faces Adoption Hurdles Despite Disruptive Potential

Cryptocurrency continues to redefine financial systems with its decentralized architecture, yet struggles to achieve mainstream traction. The technology enables borderless transactions through assets like BTC and stablecoins (USDT, USDC), bypassing traditional intermediaries like Western Union. Platforms including Binance, Coinbase, and XBO.com facilitate these transfers in minutes—a stark contrast to legacy banking timelines.

Despite 560 million global users, crypto adoption pales against conventional finance. The sector must reconcile its next-gen capabilities with real-world usability. Bitcoin's original vision of peer-to-peer electronic cash now competes with thousands of altcoins, yet none have decisively bridged the gap between innovation and everyday utility.