China Backs Stablecoins to Rival Dollar—but Only Under Its Control
Hong Kong to serve as a testbed for digital renminbi tokens, as Beijing balances ambition with fear.
Author: Alex Reeve
Alex Reeve is a financial journalist covering digital assets, fiscal policy, and regulatory shifts in the U.S. and global markets. Her reporting focuses on the intersection of crypto and government, with a particular interest in stablecoins, tokenized finance, and macroeconomic implications.
Disclosure: Alex does not hold any cryptocurrencies or digital assets.
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