Binance Square

StablecoinCrash

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China bans stablecoins and crashes Asian market The Chinese government announced a total ban on stablecoins, citing risks to the sovereignty of the digital yuan, causing a 15% drop in the Asian crypto market within hours. #ChinaBan #StablecoinCrash $BNB {spot}(BNBUSDT)
China bans stablecoins and crashes Asian market
The Chinese government announced a total ban on stablecoins, citing risks to the sovereignty of the digital yuan, causing a 15% drop in the Asian crypto market within hours.

#ChinaBan #StablecoinCrash $BNB
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