💥 SENSATION
🇨🇳 China is considering the possibility of approving yuan-backed stablecoins as part of its efforts to accelerate the internationalization of the RMB.
This could be a huge shift in the global race for digital currencies. If approved, it could:
◻️ Expand the role of the yuan in global finance 🌍
◻️ Directly challenge the dominance of $USDT and $USDC 💸
◻️ Open new waves of liquidity in Asian markets 📈
👉 Imagine the effect if Chinese capital actually enters cryptocurrency through a yuan stablecoin. Will this be the final catalyst for adoption — or just another level of regulatory risk?