Facing mounting pressure from the U.S. dollar’s global dominance, China is actively exploring stablecoins as a defensive measure. Driven by initiatives in Hong Kong and Japan, these efforts […]
China Plans Yuan-Backed Stablecoin to Challenge USD Influence
Facing the growing influence of USD-based stablecoins, China is considering launching a yuan-backed stablecoin as part of a strategy aimed at increasing renminbi usage in international trade. This […]
China Aims to Challenge US Dollar Dominance with Yuan-Backed Stablecoins
China is poised to challenge the US dollar’s dominance in global trade settlements with the launch of yuan-backed stablecoins, a move that could reshape financial landscapes. The State […]
White House Advisor Proposes Stablecoin Law for Major Dollar Boost
David Sacks, White House advisor on cryptocurrencies, suggests a new stablecoin law could create trillions of dollars in demand for the U.S. Treasury. His proposal highlights a shift […]
Galaxy’s Expert: US Dollar Dominance Hinges on Stablecoin Bill
In a call for action, Galaxy’s Head of Research, Mr. Thorn, emphasizes the importance of the GENIUS Act in securing U.S. dollar dominance. He urges lawmakers to focus […]