JD.com and Ant Group are promoting yuan-based stablecoins in response to a $247 billion global stablecoin market where over 99% of tokens are U.S. dollar-denominated, according to the Bank for International Settlements.
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According to Reuters, over 99% of the $247 billion global stablecoin market remains U.S. dollar-denominated.
Over 99% of stablecoins are U.S. dollar-denominated, according to the Bank for International Settlements.
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Dollar hegemony and U.S. policy response
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