Two major economies are tightening control over digital currencies just as the US pushes to cement its leadership in the stablecoin sector. Israel is accelerating its digital shekel plans while China continues to expand the digital yuan.
These moves signal a broader global shift toward sovereign digital money that could challenge the reach and influence of US dollar–based stablecoins.
Stablecoins have become a central pillar of the digital ***** et market, moving well beyond their early role as a trading convenience.
The sector now processes more than $2 trillion in monthly volume and holds