China launches stablecoins: yuan enters Web3
🧨 Is China preparing the yuan for Web3?
According to FT, Beijing is testing stablecoins as a tool for international settlements — cautiously but steadily.
💴 The goal is to make the yuan a competitor to the dollar in global trade.
🚧 But there is a nuance: they are concerned about capital outflows, so the pilot is only for B2B.
🇭🇰 Hong Kong has already become a digital testing ground, state-owned companies are at the start of obtaining licenses.
ETFs, stablecoins, crypto-yuan — sounds like a 180° turnaround?
🔥 Digital yuan vs USDT — who will win?
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