Why China’s Crypto Law Now Favors Stablecoins Over Bitcoin

After years of strict crypto bans, China is now quietly preparing to take its first big step toward stablecoins. The goal? To promote a yuan-backed digital currency and compete in the growing global stablecoin race. But behind this shift lies a deeper concern, the fear of capital leaving the country and the growing dominance of … source: https://coinpedia.org/news/why-chinas-crypto-law-now-favors-stablecoins-over-bitcoin/