Examining structural drivers of stablecoin adoption in China and the US
Original framing: “Gary Liu and Liu Xiaochun on what role stablecoins could play in China and the US” — South China Morning Post
By juxtaposing China’s strategic push with the United States’ regulatory capture, the article offers a cross‑cultural comparison of how differing political economies shape fintech. Hong Kong is presented as a cultural and regulatory bridge, highlighting the fluidity of norms across borders. This comparative view enriches understanding of global financial ecosystems.
The article foregrounds structural forces—digital sovereignty, regulatory capture, and geopolitical competition—that shape stablecoin trajectories in China and the United States, while Hong Kong serves as a cultural conduit.
Historical parallels and cross‑cultural comparisons illuminate how past battles over monetary control echo in today’s token ecosystems, yet the analysis largely omits Indigenous, artistic, and marginalized perspectives. Scientific data underpin the argument, but deeper modelling and inclusive narratives are needed to anticipate future scenarios. Integrating governance, public‑private infrastructure, inclusive policy, and scenario planning can align the disruptive potential of stablecoins with broader societal goals.