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

A 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 Accord...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns
A 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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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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