The $308B question: Will stablecoins thrive globally without China?

China has again made its position on stablecoins unmistakably clear. At a recent financial policy forum, Pan Gongsheng, governor of the People’s Bank of China (PBoC), described stablecoins as a “ne...

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The $308B question: Will stablecoins thrive globally without China?

Source: CryptoSlate

China has again made its position on stablecoins unmistakably clear. At a recent financial policy forum, Pan Gongsheng, governor of the People’s Bank of China (PBoC), described stablecoins as a “new source of vulnerabilities” within the global financial system. He warned that they could undermine smaller economies’ monetary sovereignty and enable illicit financial flows. According […]