📌 1) China prepares the Renminbi (CNY) stablecoin

Beijing is considering issuing a CNY-linked stablecoin led by the PBoC, starting in Hong Kong & Shanghai. This is a strong “turnaround” after the ban in 2021 – and also a direct challenge to the USD on the blockchain.

👉 If realized, exporters & trading desks could use CNY stablecoin for faster cross-border payments, reducing FX risk, while also eating into USDT/USDC market share in Asia.

📌 2) The US wants stablecoin to become a buyer of T-bills

The US Treasury (according to Financial Times) is attracting major players like Tether and Circle to use stablecoin reserves to buy T-bills. This transforms stablecoin from a “crypto trading tool” into a macro-financial weapon, helping the US absorb a massive volume of bonds.

👉 Consequence: Stablecoin will become more closely tied to TradFi, making them an indispensable part of US monetary policy.

📌 3) Tether goes big – hires Trump White House advisor

Tether has just “recruited” Bo Hines, former crypto advisor of the Trump administration, to expand its influence in Washington. This is a clear move to shape the rules of stablecoin in the US and directly compete with USDC.

👉 Forecast: We will see many moves regarding audits, reserves, and compliance in the US in the near future.

📌 4) Hong Kong warns: Stablecoin is not “super money”

HKMA and SFC have issued warnings about the speculative “waves” following stablecoin, stating they will tighten oversight & address misleading advertising.

👉 Hong Kong wants to become a crypto hub, but not casually. Expecting an open yet disciplined environment that attracts capital flow while protecting the market.

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🔑 In summary:

• China → Wants to use CNY stablecoin to expand monetary power.

• The US → Turns stablecoin into a capital attraction tool for national bonds.

• Tether → Promoting political influence to avoid being overshadowed by USDC.

• Hong Kong → Wants to open up while maintaining discipline & market credibility.

👉 Stablecoin is no longer just a “DeFi tool,” but is becoming a geopolitical & global financial battleground.