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Sunday, July 13, 2025

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Hong Kong’s Stablecoin Drive May Pave Way for Digital Yuan, Undermining US Dollar

Details: Staff; 12 July 2025

News

Previous Article Beijing Punishes Europe on Trade as It Seeks EU Support Against US Pressure
Next Article US Reaffirms Commitment to Support Philippines and Deter CCP in South China Sea

News Analysis The push by Hong Kong’s Legislative Council to authorize a diverse range of fiat-referenced stablecoins is raising concerns about the stability of its long-standing Linked Exchange Rate System (LERS) pegged to the U.S. dollar. Fiat-referenced
Read more https://www.theepochtimes.com/china/hong-kongs-stablecoin-drive-may-pave-way-for-digital-yuan-undermining-us-dollar-5884218

Previous Article Beijing Punishes Europe on Trade as It Seeks EU Support Against US Pressure
Next Article US Reaffirms Commitment to Support Philippines and Deter CCP in South China Sea

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