Cardano’s Hoskinson: US Stablecoins Offer Competitive Advantage over China’s Digital Yuan

Charles Hoskinson, founder of Cardano, argues that the U.S.’s stablecoins offer a significant competitive advantage against China’s growing influence with its digital currency (Digital Yuan). He suggests that these tokens enable the U.S. to expand USD access even in regions where traditional banking is limited. Hoskinson envisions this as a strategic hedge against the rising popularity of the Digital Yuan, which has already gained traction in many countries, including those in Africa, Asia and Latin America.