The Stablecoin War officially begins!

The central bank's version of the 'compliant stablecoin' is here.

100% fiat currency reserves

Monthly on-chain audits

Endorsed by central bank credit

→ It's even 'more stable' than these old players like USDT and USDC, it's like entering a vegetable market with a machine gun!

USDT starts to bleed

On-chain monitoring showed a big player dumped 89 million USDT last night, all converted to digital renminbi

The 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 engage in a 'compliant combination punch' with the central bank.