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Morning Edition · Sunday, July 12, 2026Published at 1:29 AM EDT · New York
Hong Kong Builds Gold and Yuan Settlement Network Designed to Bypass Dollar Stablecoins
The plan routes cross-border payments through tokenized gold and offshore yuan, a state-linked alternative to the dollar tokens that now dominate on-chain settlement.
Hong Kong is constructing a settlement network built around tokenized gold and offshore yuan that is explicitly designed to move cross-border value without routing it through dollar stablecoins, CryptoSlate reported. The premise is that dol…
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