China has always claimed that Bitcoin is illegal, a Ponzi scheme, and now wants a share of stablecoins, but it's too late. Virtual currencies are all pegged to the US dollar for pricing, which has nothing to do with you.

Central bank takes the field, is the stablecoin about to change? Tonight we must keep a close eye on these two things!
You may not have realized yet, a hard battle over "stablecoin hegemony" has already begun, and the central bank is personally taking action!
What "big event" happened today?
This morning at the Lujiazui Forum, central bank bigwig Pan Gongsheng dropped a bombshell message:
"Use blockchain to eliminate SWIFT" — cross-border remittance reduced from 3 days to 10 seconds, fees cut from 6% to 0.6%
SWIFT's "foreign traditional payment systems" are really about to be sent to the museum
Don't take it as just a pie in the sky — the digital RMB international operation center has officially launched today!
The market is bleeding:
The stablecoin war has officially begun!
The central bank version of "compliant stablecoin" is here
100% fiat reserves
Monthly on-chain audits
Central bank credit endorsement
→ More "stable" than USDT and USDC, it's like bringing a machine gun into a vegetable market!
USDT starts to bleed
On-chain monitoring showed a big player dumped 89 million USDT last night, converting it all to digital RMB
Offshore USDT price instantly collapsed, with a discount of 0.008
USDC is not to be outdone
Binance suddenly added 27 million USDC this morning, ready to hit the central bank with a "compliant combo punch"
The DeFi "cat-and-mouse game" is unfolding:
Regulators say: All stablecoins must register for compliance before June 24, otherwise they will be delisted globally
Technology says: AAVE and COMPOUND upgraded their smart contracts overnight last night, creating a "dynamic reserve proof" system, going all out!
Tonight focus on these two explosive points:
Binance's "nuclear button"
The rumored "compliant stablecoin zone" goes live tonight at 11 PM
All unverified assets will be banned from trading, countdown begins!
On-chain's "big moves"
The reserve address for digital RMB (0x37d...a9c) suddenly added 1.8 billion USDC, likely preparing the reserve for cross-border liquidity pools!
Who will laugh last? Is the future of stablecoins in the hands of the central bank, or in the DeFi projects on-chain?
This is not a technical issue, it's a matter of regulatory speed, a life-and-death game. After tonight, the stablecoin market may be completely reshuffled!
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