China is worried dollar-backed stablecoins could weaken its control.
Beijing is racing to build systems it can fully monitor, highlighting why the US GENIUS Act was seen as a national security move.
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Discussion
Thanks for the post.
The concept of stable coins leaves a bad taste in my mouth. I know a lot of the influencers have positive things to say about the Tether dudes, etc. But imo it doesn't feel right... stable coins seem like a cbdc-pig with lipstick.
Anyway, does anyone have a good video/podcast to dispell my take, or am I over the target?