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  • China vs. USA vs. Europe - Stakes Skyrocket in Global Stablecoin Race

China vs. USA vs. Europe - Stakes Skyrocket in Global Stablecoin Race

Author

Austin Hodge
March 21, 2025 • Read Time: 13 minutes

In the high-stakes contest of global finance, China's bold move to position its digital yuan as a heavyweight contender against U.S. dollar stablecoins signals the start of an intriguing face-off. As the U.S. shapes regulations to bolster stablecoins' global trade role, China feels compelled to expand its central bank digital currency's reach beyond mere retail transactions. Fears of US stablecoin prevalence beginning to permeate throughout traditional finance spurs China and Europe to greater urgency for stablecoin clarity and CBDC development .

Meanwhile, Bitcoin rebounds to test $85k, Kraken makes billion dollar acquisition of futures trader, and ripples continue from this week’s Fed decision.

Let's dive in!

  • China accelerates digital yuan development to compete with U.S. dollar stablecoins in global trade. — Read More

  • ECB warns digital euro essential to defend against US stablecoins' economic threats. — Read More

  • Nasdaq and NYSE plan to offer round-the-clock trading, responding to global demand for 24/7 market access similar to crypto trading. — Read More

  • Trump aides propose renaming USAID and using blockchain for aid transparency and accountability. — Read More

  • Peter Schiff argues the strongest gold bull market in history is upon us, backed by economic uncertainty. — Read More

  • Stablecoins processed over $35 trillion in 2024, exceeding Visa's $15.7 trillion while poised for broader financial integration. — Read More

  • Kraken acquires futures broker NinjaTrader for $1.5 billion, marking a significant stride in combining traditional finance with crypto. — Read More

  • A16z backs crypto super PACs with $25M donation, Peirce proposes DLT sandbox collaboration between US and UK, A deeper look at Riot’s ‘hostile’ bid to take over Bitfarms, The definitive guide to chain abstraction, The investor’s guide to AI on Polkadot — Read More

  • Brazilian Senate plans a public hearing on crypto regulation as legislative efforts intensify. — Read More

  • Europe solidifies its position as a leader in crypto-friendly banking with 63 banks offering diverse cryptocurrency services, thanks to proactive regulatory measures. — Read More

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