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China’s move to pay interest on e-CNY sparks US stablecoin debate

China’s move to pay interest on e-CNY sparks US stablecoin debate

China will allow interest on digital yuan (e-CNY) holdings starting in 2026. US banks and crypto firms clash over enforcing the GENIUS Act ban. Coinbase executive warns stablecoin yield bans could weaken US global competitiveness. China’s central bank, the Pe…

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