{"id":131922,"date":"2025-06-28T06:00:17","date_gmt":"2025-06-28T06:00:17","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=131922"},"modified":"2025-06-28T06:00:17","modified_gmt":"2025-06-28T06:00:17","slug":"chinas-stablecoin-edge-wechat-and-alipay-says-top-economist","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=131922","title":{"rendered":"China\u2019s stablecoin edge? WeChat and Alipay, says top economist"},"content":{"rendered":"<p>Source: Tech &#8211; South China Morning PostChina already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist at the country\u2019s leading investment bank has argued \u2013 amid growing calls for Beijing to quickly adapt to the global rise of digital assets.<br \/>\n\u201cFrom an economic perspective, money based on third-party payment platforms functions much like stablecoins \u2013 and China holds a comparative advantage in this area, having already built a relatively mature regulatory framework,\u201d said Peng Wensheng, chief economist at&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3316124\/wechat-and-alipay-are-chinas-comparative-advantage-stablecoin-race-top-economist?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Tech &#8211; South China Morning PostChina already has de facto stablecoins in the form of WeChat Pay and Alipay, a top economist at the country\u2019s leading investment bank has&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131922"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131922"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/131922\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131922"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}