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Explainer | How some Chinese exporters benefit from US dollar-backed stablecoins

✍️ Kandy Wong 📅 November 26, 2025 01:30 PM ⏱️ 1 min read 🕐 Scraped: November 26, 2025

Summary: From navigating trade restrictions to overcoming regulatory barriers, more traders are embracing the digital asset – but not without risks.

The growing influence of stablecoins is beginning to reshape how some Chinese firms conduct cross-border settlements.

In this explainer, the Post outlines four roles that US dollar-backed stablecoins play in China’s oversea

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Author

Kandy Wong

Original Publisher

🌍 South China Morning Post

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Published Date

November 26, 2025 at 01:30 PM

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