East vs West stablecoin cold war emerges in battle for the first trillion dollar stablecoin
MetaMask’s mUSD, the European Union’s digital euro initiative, and Hong Kong’s offshore yuan token AxCNH arrange a three-way contest for on-chain funds. The prize is just not buying and selling quantity or speculative flows, it’s the share of real-world settlement that would attain $2 to $4 trillion yearly if 1 to 2 % of worldwide cross-border funds transfer…
