China’s Stablecoin Could Boost De-Dollarization
China’s e-CNY stablecoin seeks to curb dollar reliance, but USDT and USDC’s $210B in Treasuries sustain U.S. dollar demand in BRICS. According…
HSBC Integrates Digital Yuan for Clients to Link Bank Accounts
HSBC Bank has now integrated digital Yuan so its corporate clients can link their bank accounts and use e-CNY services. In a significant…
China Pays CBDC to Workers Who are Converting to Cash Fast
China pays CBDC to workers who instantly cash out the cryptocurrency because they fear it may lose value later on. A report suggests that some…