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But would the country’s leaders really want stablecoins to succeed?
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Compelling long reads
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Watch engaging short films
Curated news, direct to your inbox

The more useful stablecoins and tokens prove to be, the greater the risk

Rapid growth in dollar-backed cryto has stalled

Speculative crypto may be tottering, but stable tokens are finding their feet across the region

Officials believe that the yuan has finally come of age

China’s rivals are learning how to get what China won’t share

With the right rules, innovation could flourish