China plans to allow its first stablecoins in a bid to internationalize the CNY, as policymakers warn that dollar-backed tokens cement USD's global dominance (Financial Times)

Financial Times:
China plans to allow its first stablecoins in a bid to internationalize the CNY, as policymakers warn that dollar-backed tokens cement USD's global dominance  —  Policymakers say dollar-backed tokens cement US dominance but regulator has warned of money laundering risk

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