Digital Currency
US crypto advocates cite competition with China's interest-bearing e-CNY to push for stablecoin yield clarity, but banks' opposition stalls the Clarity Act. Experts say the two largest economies are pursuing very different digital money strategies.
Reported by AI
China is building parallel financial capabilities rather than directly challenging the dollar's status as the global reserve currency. The e-CNY has become one of the world's most advanced central bank digital currency experiments, processing over 3.4 billion transactions worth about US$2.3 trillion by the end of 2025.
December 24, 2025 10:15