Former Bank of China Executive: Rise of Stablecoin Poses Policy Challenge for China

Former Bank of China deputy governor Wang Yongli has warned surging USD-pegged stablecoins, buoyed by new U. S. and Hong Kong rules, have tightened dollar dominance. He has urged quicker e-CNY deployment, a Hong Kong yuan stablecoin and ID integration to keep the yuan competitive source: https://cryptonews.com/news/former-bank-of-china-executive-rise-of-stablecoins-poses-policy-challenge-for-china/