Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns

By Bitcoin News | Created at 2025-03-23 03:33:00 | Updated at 2025-03-24 14:06:39 1 day ago
Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist WarnsA Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics at the Chinese Academy of Social Sciences, U.S. dollar-pegged stablecoins, not bitcoin ( BTC) or […]
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