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When this article was published,
No one thinks China will issue stablecoins.
But looking at the news in the past few days,
It seems to be starting to get a bit rudimentary.
Today
Domestic public chain $CFX announced its participation in the war,
Preparations are being made to issue offshore RMB stablecoins.
This may mean,
China finally chose to issue stablecoins as a financial defense.
Resist the penetration and hegemony of US dollar stablecoins.
I went to bed late in the morning,
I got up and bought a little $CFX.
Chen Fengxia is awesome.


10.7. klo 03.56
BTC hits a new high,
U.S. dollar stablecoins spread around the world,
A new type of financial colonization is taking place.
With BTC reaching new highs,
We are also seeing an ever-expanding scale of on-chain USD assets.
This phenomenon actually coincides with Trump-style political stance.
A strong dollar dominates the global order.
Currently, many third world countries,
Already heavily used in daily transactions of the US dollar stablecoin,
It's more like a plundering of the country's government's coinage.
When the fiat currencies of these countries gradually lose their actual trading function,
The government loses the dominance of monetary policy.
It also means a partial transfer of sovereignty.
This kind of development is a financial colonization.
The U.S. exports its financial influence through stablecoins,
Harvest the value of global GDP at a fraction of the cost.
The next thing to watch out for is that
How China and Europe will respond.
If you choose to issue your own stablecoins to fight,
It will indirectly benefit the BTC price.
And as we all know,
U.S. government and U.S. public companies,
Already hold more than 25% of BTC.
Chen Fengxia has gone crazy.

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