Explainer | How some Chinese exporters benefit from US dollar-backed stablecoins
www.scmp.com
From navigating trade restrictions to overcoming regulatory barriers, more traders are embracing the digital asset – but not without risks.

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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