#数字人民币 Why did China directly stop stablecoins? This move is very insightful.

Recently, US dollar stablecoins have surged globally, and the US has just legislated to turn them into a "digital dollar avatar". Many countries are following suit, but China has called a halt—no more yuan stablecoins, and instead, they are vigorously promoting the digital yuan. This action seems counterintuitive, but it actually has its reasons.

Do you think stablecoins are "stable money in the crypto circle"? Wrong, USDT accounts for 99% of the global stablecoin market, essentially acting as "the US dollar in digital clothing". The US legislating to promote it is not about regulating the market; it's about getting more countries to use "digital dollars" and solidifying US dollar hegemony in the crypto world. Other countries trying to create non-dollar stablecoins? Useless; the global liquidity of the dollar is there, and whatever you create will just serve as a backdrop for USDT.

More critically, this thing is a "financial bomb": without global regulation overseeing it, it could turn into a channel for money laundering and tax evasion at any moment; if the yuan also had a stablecoin, it would mean leaving a crack in monetary sovereignty for the dollar—if the US can control USDT, it can indirectly influence your wallet. Who can bear that risk?

China is not foolish; our digital yuan is originally the ceiling for global mobile payments. Shanghai has even set up an international operation center, directly using it to "openly expand abroad". Isn't that more reliable than following stablecoins for popularity? Now, 15 departments are jointly cracking down on virtual currencies, explicitly stating that "stablecoins are virtual currencies and are all illegal", effectively blocking the dollar's "digital tentacles" at the door.

This is not just following the trend? It’s about taking the initiative into our own hands—while you play your dollar stablecoin “hegemony game”, I’m developing my digital yuan “safe track”.

By the way, do you think this move is conservative or clever? Let’s discuss in the comments! $USDT $USDC