Stablecoin Showdown: How China And The US Are Battling For Global Financial Power
Stablecoins have emerged as the newest area within the rising monetary rivalry between the United States and China. Unlike risky cryptocurrencies equivalent to Bitcoin, stablecoins preserve a hard and fast worth by pegging themselves to an underlying asset — usually the U.S. greenback or the Chinese yuan. As regulators in Hong Kong and Washington transfer…
