Web3 International Monetary Situation

SerenRabbit · 2026-03-03T15:32:02+00:00

A brief introduction to the Web3 landscape for beginners and newcomers. Welcome experts to share insights and discuss.

2026-03-03 15:32:02

U.S. legislation mandates that domestic private stablecoins are linked to U.S. Treasury bonds, essentially maintaining the appearance without changing the substance—endorsing U.S. dollar hegemony.

The European Union and Singapore are safeguarding their national monetary sovereignty within the framework of U.S. private stablecoins.

China’s response:

Fully halt the issuance of Renminbi stablecoins by early 2026.
Open Hong Kong dollar stablecoins for participation and experimentation.
Issue digital Renminbi (backed by central bank credit) and counter U.S. private stablecoins to protect monetary sovereignty, define the currency landscape in the Web3 era, including policies like central bank digital currency bridges.

Overall, China is leveraging the technological advantages of private stablecoins, such as distributed ledgers and blockchain technology, to boost the global competitiveness of digital Renminbi, while not allowing private stablecoin applications.

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Last edited on 2026-03-03 15:47:46

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