this post was submitted on 26 Nov 2025
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How some Chinese exporters benefit from US dollar-backed stablecoins (www.scmp.com)
submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital
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The growing influence of stablecoins is beginning to reshape how some Chinese firms conduct cross-border settlements. In this explainer, the Post outlines four roles that US dollar-backed stablecoins play in China’s overseas trade, based on a recent analysis by Zou Chuanwei, the president of the Jiangsu Jinke Research Institute on Digital and Technology Finance, published in Tsinghua Financial Review. How are Chinese traders using US dollar-backed stablecoins? First, some overseas importers face...

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