Former PBOC Chief Warns Stablecoins May Threaten Financial Stability in China

A erstwhile politician of the People’s Bank of China warned against calls for the Chinese authorities to let yuan‑based stablecoins, citing imaginable risks to fiscal stability. Geopolitical Context and U.S. Stablecoin Bills The erstwhile politician of the People’s Bank of China (PBOC), Zhou Xiaochuan, has cautioned against parties urging the Chinese authorities to let the […]