China’s stablecoin bind: why US dollar tokens matter – and how Beijing may respond

Source: China – South China Morning PostOnce a niche corner of the cryptocurrency world, stablecoins have surged into the global spotlight this year, prompting analysts and industry insiders to declare that the digital asset’s time has come.
In July, US President Donald Trump signed the GENIUS Act into law, establishing the first federal regulatory regime for stablecoins – a move many believe could pave the way for mass-market adoption.
Shortly after, Hong Kong introduced its own ordinance, which took effect on August 1, requiring…Read More

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