🇨🇳 China is considering Yuan-backed stablecoins, which will lower short-term CGB yields

🇨🇳 China is considering Yuan-backed stablecoins, which will lower short-term CGB yields

that's assuming the stablecoin issuers will proxy short-term government bonds, like in the US

i wrote a thread explaining that. you can read it here: https://illya.sh/threads/@1755378840-1.html