The American Policy Group says China is afraid of Stablecoins in US dollars star-news.press/wp
The Foreign Relations Council warns that Stablecoins in US dollars can reshape global financing and weaken Beijing’s control.
China is preparing to confront digital funds that are tightly designed to enhance the state’s authority, not reduce it.
USD Stablecoins and US Policy
The Council of Foreign Relations (CFR), a prominent American research center on international diplomacy and policy, has caused warnings about political geography. In a conversation conditionCFR ZOEAE LIU, researcher CFR ZOE LIU, argued that the new genius law in Washington transforms the dollar -backed symbols into reliable and organized funds.
With individual redemption banks guarantee, Stablecoins can soon be sitting alongside deposits and commercial paper as cash rewards.
CFT notes that this credibility can push explosive growth. It is estimated that up to $ 1.75 trillion in Stablecoins may be circulated within three years. Meanwhile, the effects will be frequent than encryption, which enhances the global domination of the dollar.
Beijing’s increasing concern
For Beijing, this transformation is very worrying. Stablecoins combines dollars liquidity with Blockchain transportation, bypassing traditional capital controls. Therefore, this undermines one of the main economic and political authority tools of the Communist Party.
The companies directed to export may adopt a stablecoins to reduce the costs of transactions. It is worth noting that the distinctive dollar symbols can be used daily, which leads to the direction of Renminbi in the main markets. CFR is called this “existential” risk of Chinese monetary sovereignty.
Chinese researchers repeat anxiety. Even the government media has to caution Stablecoins can be closed in dollars in US financial excellence, which reduces the years of Beijing’s efforts to build Renminbi alternatives.
Controlled experiments
China’s record shows a preference for Blockchain’s harness under the supervision of the narrow country. The Central Bank launched The E-CNY to anticipate special symbols, but the adoption was slow. The actions of Alipay and WeChat still dominate the digital payments of China.
Hong Kong became a laboratory. The new rules of licensed exporters allow the launch of the FIAT supported Stablecoins, including Renminbi’s external versions. Such experimental symbols allow it without alleviating the mainland capital restrictions.
Future Renminbi Stablecoins is expected to be programmed and fully tracked. This may help laundering money and expand financial monitoring. CFR concludes that Beijing will use Stablecoins to encrypt the condition control, not to reduce it.
The post -US Policy Group says that is afraid of the US dollar, Stablecoins first appeared on Beincrypto.
[og_img]
2025-08-22 01:00:00
