Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns
Submitted by Anonymous (not verified) on Sun, 03/23/2025 - 06:00
A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or […]