CHINA JUST DROPPED A BOMBSHELL ON STABLECOINS!
This is NOT a drill. China is crushing stablecoins and accelerating its digital RMB. They see crypto as a threat to their monetary control. USD stablecoin dominance is being targeted. Capital flight concerns are REAL. Illicit finance is being shut down. Systemic risk is their excuse. They believe in their mobile payment dominance and CBDC infrastructure. This changes EVERYTHING for the crypto landscape. Get ready for massive volatility.
Disclaimer: Not financial advice.
