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The Web2 to Web3 migration is already happening. @thejollyherring @teamz_inc
The idea of a yuan stablecoin keeps coming up… even with strict restrictions in place
What stands out to me is the tension here
on one side, china pushing hard on control via e-CNY.
But on the other side, the reality that stablecoins are becoming the default rails for global payments.
Meanwhile the data is clear:
→ USD stablecoins still dominate ~99.8% of the market
→ USDC alone reached ~$75B supply with strong growth
→ demand spikes during geopolitical stress
A yuan stablecoin could expand global usage of RMB, but it would require loosening control over issuance and flow.
That tradeoff looks difficult tbh.
My view: the matter here is less about technology and more about policy flexibility.
Can a tightly controlled system compete in a market that rewards openness and liquidity?
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