China’s car, America’s currency (USDT) – why stableecoins keep the dollar in the driver’s seat

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On the streets of Bolivia, an advertisement for a light green bid Dolphin Mini is plastered over a billboard.

The irony is hard to miss: A Chinese electric vehicle, the symbol of Peking’s export strength in the world’s new markets, moves parties in a Brics country, but it is paid for in USDT – which is supported by the very treasuries that China is dumping.

China has spent years pushing de-dollarization in Latin America and framing it as south-south solidarity and economic independence from Washington. Bolivia now settles approx. 10% of its trade in yuan, Brazil has Renewed an RMB 190 billion ($ 26 billion) Swap LineAnd Argentina is tapping Renminbi liquidity to avoid default.

Still, reality is different for retail consumers. China is still winning with exports but loses influence on the account. This creates a strange situation in which Chinese goods fuel dollar (Usdt) Demand rather than RMB demand.

For merchants, retailers and consumers in inflation -related or capital -controlled economies, USDT stability, speed and liquidity offer that yuan still cannot match. After all, yuan, like many of the world’s currencies, is not designed to be used offshore. It is antithetic for People’s Bank of China’s monetary policy.

China’s exports dominate Latin American markets, soy, lithium, buses and EVs, but as the advertisement shows, it makes demand for USDT, not RMB.

Despite the lecture on De-dollarization, Tether’s Crypto-Dollar is conquering new markets, while Peking’s central bank’s digital currency maps remain limited at home. Stablecoins deliver what CBDCs and Yuan Swap Lines cannot: Speed, Liquidity and Global Trust.

The longer this persists, the harder it will be for China to match the trading force with monetary influence. De-dollarization in Latin America happens, but not in the way Beijing intended.

Instead of RMB settlement zones, the region sees the rise in crypto-dollar rails: a grassroots re-dollarization It anchors Greenback’s dominance under a new digital form. It’s hard to shake the dollar as the world’s reserve currency.

For all talks about CBDCs or BRICS currency, the projects have not launched: Trade on Earth is still running through USDT, the digital dollar that dominates new markets.

Market movements

BTC: Bitcoin trades over $ 114.5K. The price of BTC is relatively flat with a slight downward trend. that day. The most important drivers include renewed interest from institutional investors, interest expectations in the US and general macro mood against risk assets. Easy resistance around the level of $ 115,000 – $ 117,000 seems to be holding, according to Coindesk Market Insights Bot.

ETH: ETH trades for $ 4400. Like BTC, ETH is also a bit soft in the intraday trade. Some of the pressure comes from weak momentum and try to recover and keep past heights. ETF -Lowering ended the week in the green with $ 556m.

Gold: Gold continues to act near record highs, driven by the weakening of the US dollar, expectations of cuts in the fed, high central bank’s demand and inflational concerns.

Nikkei 225: Markets in the Asia-Stop Ocean rose on Monday, with Japan’s Nikkei 225 up 1.28%after China had the loan products stable and investors are traced to Wall Street’s winnings.

Elsewhere in crypto:

• Prediction markets and DAOS are cousins, says Syndicate co -founder (Decrypt)
• Low Risk Defi, not Memecoins, can best maintain Ethereum’s economy, says co -founder Vitalik Barterin (Block)
• State of Crypto: ETF lists got lighter (Coindesk)