* UPDATE: Chair of China’s National Institution for Finance & Development Li Yang says STABLECOINS EXTEND US DOLLAR POWER.*
June 21, ,2025
https://x.com/Cointelegraph/status/1936469416763437355?t=xWB4dlRvgDQuohlhp_eBaQ&s=19
https://www.cointime.ai/flash-news/chairman-of-the-national-financial-and-development-laboratory-15196
*......stated that the United States IS PUSHING FOR STABLECOIN LEGISLATION to strengthen the status of the US dollar, promote modernization of payments, AND CREATE NEW DEMAND FOR US DEBT. Stablecoins are essentially an extension of the US dollar ON THE CHAIN.* Faced with this trend, China should firmly promote the internationalization of the renminbi, *and follow the trend of integration between STABLECOINS and traditional finance, promoting the complementary development of the renminbi STABLECOIN* and the central bank's digital currency.
*Li Yang SUGGESTED FULLY utilizing the advantages of Hong Kong TO DEVELOP OFFSHORE renminbi STABLECOINS AND ESTABLISH A CONTROLLABLE INTERNATIONAL PAYMENT CHANNEL.
June 21, ,2025
https://x.com/Cointelegraph/status/1936469416763437355?t=xWB4dlRvgDQuohlhp_eBaQ&s=19
https://www.cointime.ai/flash-news/chairman-of-the-national-financial-and-development-laboratory-15196
*......stated that the United States IS PUSHING FOR STABLECOIN LEGISLATION to strengthen the status of the US dollar, promote modernization of payments, AND CREATE NEW DEMAND FOR US DEBT. Stablecoins are essentially an extension of the US dollar ON THE CHAIN.* Faced with this trend, China should firmly promote the internationalization of the renminbi, *and follow the trend of integration between STABLECOINS and traditional finance, promoting the complementary development of the renminbi STABLECOIN* and the central bank's digital currency.
*Li Yang SUGGESTED FULLY utilizing the advantages of Hong Kong TO DEVELOP OFFSHORE renminbi STABLECOINS AND ESTABLISH A CONTROLLABLE INTERNATIONAL PAYMENT CHANNEL.
*🇨🇳 UPDATE: Chair of China’s National Institution for Finance & Development Li Yang says STABLECOINS EXTEND US DOLLAR POWER.*
June 21, ,2025
https://x.com/Cointelegraph/status/1936469416763437355?t=xWB4dlRvgDQuohlhp_eBaQ&s=19
https://www.cointime.ai/flash-news/chairman-of-the-national-financial-and-development-laboratory-15196
*......stated that the United States IS PUSHING FOR STABLECOIN LEGISLATION to strengthen the status of the US dollar, promote modernization of payments, AND CREATE NEW DEMAND FOR US DEBT. Stablecoins are essentially an extension of the US dollar ON THE CHAIN.* Faced with this trend, China should firmly promote the internationalization of the renminbi, *and follow the trend of integration between STABLECOINS and traditional finance, promoting the complementary development of the renminbi STABLECOIN* and the central bank's digital currency.
*💥Li Yang SUGGESTED FULLY utilizing the advantages of Hong Kong TO DEVELOP OFFSHORE renminbi STABLECOINS AND ESTABLISH A CONTROLLABLE INTERNATIONAL PAYMENT CHANNEL.
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