East vs West stablecoin cold war emerges in battle for the first trillion dollar stablecoin
NeutralCryptocurrency

A new competition is heating up in the world of stablecoins, with MetaMask's mUSD, the European Union's digital euro initiative, and Hong Kong's offshore yuan token AxCNH vying for dominance in on-chain payments. This contest is significant because it could reshape the landscape of global finance, with the potential for real-world settlements to reach between $2 to $4 trillion annually if a small percentage of cross-border payments transition to these digital currencies.
— Curated by the World Pulse Now AI Editorial System