First Chinese CNH stablecoin debuts as global race heats up

The debut of the first Chinese CNH stablecoin marks a significant step in the global race to innovate digital currencies. As governments worldwide explore stablecoins to compete with dollar-pegged tokens, this launch highlights China's commitment to staying at the forefront of financial technology. It matters because stablecoins can enhance transaction efficiency and provide more stability in the digital economy, potentially reshaping how we think about money.