#BTC90kChristmas USA vs 🇨🇳 China: Who will win the digital dollar race?

Coinbase Chief Policy Officer Faryar Shirzad sounds the alarm: due to overly strict regulation of stablecoins, the U.S. risks losing the global digital race to Beijing.

What is at the heart of the conflict?

A key gap has emerged between the world's major economies in how they handle digital assets:

1️⃣ China is advancing: Starting January 1, 2026, the People's Bank of China (PBoC) will officially allow e-CNY (digital yuan) to earn interest. This transforms central bank digital currency (CBDC) from a mere payment method into a savings tool with high practical value.

2️⃣ The U.S. is setting obstacles: Despite Donald Trump's signing of the historic GENIUS Act in July 2025, the new regulatory framework from the Federal Deposit Insurance