East vs West stablecoin cold war emerges in battle for the first trillion dollar fiat-backed token

MetaMask’s mUSD, the European Union’s digital euro initiative, and Hong Kong’s offshore yuan token AxCNH set up a three-way contest for on-chain payments. The prize is not trading volume or speculative flows, it is the share of real-world settlement that could reach $2 to $4 trillion annually if 1 to 2 percent of global cross-border payments move to The post East vs West stablecoin cold war emerges in battle for the first trillion dollar fiat-backed token appeared first on CryptoSlate.