
China's New $1B Stablecoin Launch Reveals Why Dollar Dominance Days Are Numbered
Key Points
- China launched AxCNH, the first regulated stablecoin pegged ...
China just dropped the financial equivalent of a mic at the Belt and Road Summit in Hong Kong, launching AxCNH - the world's first regulated stablecoin pegged to the Chinese yuan. While most of us were arguing about whether Bitcoin is digital gold or digital fool's gold, China quietly built a digital currency bridge that could reshape global trade faster than you can say "yuan to rule them all."
The timing isn't coincidental. On the same day South Korea announced KRW1, their own regulated stablecoin, it became clear that the era of "Bitcoin or bust" is evolving into something far more strateg...
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