China mocks US Crypto Policies: CCTV Airs Special on Stablecoins & Decentralization

CCTV, China’s state broadcaster, aired a half-hour special highlighting the U.S.’s alleged attempt to solidify its dollar dominance through stablecoins. The program framed GENIUS Act legislation as a geopolitical turning point, pointing out that it bans a Fed-issued central bank digital currency (CBCD) while allowing stablecoins to export US debt digitally. Analysts believe this could lead to globalized US debt reliance and empower new bond superbuyers.