China is preparing to counter the threat of U.S.-backed digital dollars by leveraging its powerful e-commerce firms and Hong Kong’s crypto-friendly financial system to promote stablecoins tied to local currencies. https://www.japantimes.co.jp/commentary/2025/06/30/world/china-ready-for-us-stablecoins/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #china #hongkong #stablecoin #crypto #blockchain #ecommerce #libra #digitaldollars #cryptocurrencies

whenever the price of #bitcoin starts to drop because of global instability (or any other reason) “investors” immediately decide to send billions of dollars to #Tether, a financial company that more or less openly works with #Iran, has almost no employees, has been linked to hundreds of financial crimes, and has never produced an audit to prove it actually has all the money it says it does to back its #stablecoin#USDT. it's like clockwork.

today’s crash saw an immediate creation of $2 billion USDT, 100% of it on Donald Trump’s new business partner Justin Sun’s blockchain Tron (AKA “the crime chain”).

#JustinSun#Tron #stablecoins #crypto