RE: China Realizes USD Stablecoins Will Extend Dollar Hegemony

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China’s got a tough battle here. Trying to challenge USD stablecoins while keeping capital controls, they are basically racing with the brakes on. The dollar’s grip isn’t loosening anytime soon especially with stablecoins making it even stronger.

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The challenge is the entire global system, i.e. networks, is based upon the USD. To change the reserve currency means revamping the entire system.

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