Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns

A Chinese language economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. greenback’s international dominance. Greenback-Pegged Stablecoins Bolstering Greenback’s International Position In response to Zhang Ming, deputy director of the Institute of Finance and Economics on the Chinese language Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or […]



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