China's Concerns
China's central bank is worried about stablecoins posing a risk to their financial system, as they see it as a threat to the sovereignty of their currency. In contrast, the US is more open to stablecoins and sees them as a potential alternative to a central bank digital currency. The game theory of this situation suggests that if China dislikes stablecoins, the US may start to embrace them even more.In this clip
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Bankless
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