I appreciate your insight. In a globally competitive [monetary] landscape, China is certainly making waves. With the integration of a stablecoin at the central bank level, this moves China to the "head of the table" of monetary technologies. This is definitely something to keep an eye on.

Timing is one of the most significant factors in the finance and banking sector, and the United States is woefully behind.

How do you think this will affect the strength and performance of financial institutions in the East, and do you think there will be ripple effects, with other countries following suit?

Payments and Regulation in the US:
https://www.mercatus.org/bridge/podcasts/08122019/aaron-klein-real-time-payments-and-financial-regulation