CHINA IS MOVING. If Beijing approves a digital yuan stablecoin, it will weaponize payments in trade, finance, and geopolitics.
a blog written by Faruk Arslan – Founder & Advisor ASLAN ADVISORY
China may approve yuan-backed stablecoins later this month. If true, this isn’t just “policy change.” It’s a global currency war.
Let me break it down:
-> US dollar dominates stablecoins today (98% of the market).
-> China’s yuan barely touches 3% of global payments.
-> But stablecoins change everything.
What does that mean?
No more slow, clunky SWIFT.
No more begging for USD liquidity.
No more waiting for Washington’s approval.
Instead:
– Instant cross-border trade settlements.
– SCO countries (Russia, Iran, Central Asia) start bypassing the dollar.
– Hong Kong + Shanghai become crypto-finance hubs.
If US and Europe think they can drag their feet while China flips the switch… they’re DONE. Because once the yuan is liquid, fast, and global through stablecoins, it won’t just be “an alternative.” It will be a weapon.
And every country in Europe must ask itself: If China, the same country that banned crypto trading and mining in 2021, now embraces stablecoins, what excuse does Europe have? What excuse does Switzerland have? What excuse does YOUR government have?
Because the message is clear: stablecoins are the new battleground. And the first mover probably wins.
US has Trump. China is stepping in. UAE is already running. And Europe? Still drafting papers….
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