Vietnam Extends Formal Invitation to Tether to Pioneer Legal Crypto Framework Development
Vietnam's bold crypto gambit shakes traditional finance corridors
Government Opens Doors to Stablecoin Giant
Hanoi's official invitation lands as Asian nations scramble for digital asset dominance. Tether's potential partnership signals Vietnam's serious commitment to structured crypto adoption—not just regulatory tolerance.
Building Legal Infrastructure from Ground Zero
Vietnamese authorities seek Tether's expertise to construct compliant market architecture. The move bypasses years of regulatory experimentation by leveraging established stablecoin infrastructure.
Regional Crypto Race Intensifies
While traditional banks debate compliance frameworks, Vietnam just invited the bull into the china shop—proving sometimes it's easier to ask forgiveness than permission, especially when your competitors are still drafting committee meeting agendas.
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“Dependent on what China says about the hostile ‘order’ that they have just put out, I will be forced, as President of the United States of America, to financially counter their move,” Trump said in a Truth Social post.
China Tightens Rare-Earth Export Rules and Hits U.S. Ships with Fees
Earlier this week, China’s Commerce Ministry said that foreign suppliers must receive China’s approval to export products containing Chinese rare-earth materials when those materials account for 0.1% or more of the product’s total value.
“Our relationship with China over the past six months has been a very good one, thereby making this MOVE on Trade an even more surprising one,” Trump said.
On Friday, China’s Ministry of Transport announced that it WOULD begin charging U.S. ships for docking at Chinese ports, starting at 400 yuan per net ton. The U.S. announced a similar move for Chinese ships in April, with both countries set to begin collecting fees on October 14.
