Stablecoins Reshape Cross-Border Payroll for Startups
Hey, fellow crypto enthusiasts. I want to share some thoughts on how stablecoins are changing the game for cross-border payroll, especially for startups in Asia.
China’s Role in Stablecoin Innovation
China is launching some stablecoin pilot programs in Free Trade Zones. These are meant to help create faster cross-border crypto payroll solutions. It seems like China is trying to stay ahead of the curve, even as it maintains its crypto ban. The plan includes a Cross-Border FinTech Lab and an offshore RMB stablecoin initiative, which might make it easier for businesses to tap into these digital currencies.
But let’s not forget about the risk. While this could help with streamlined payments and innovation, it also raises questions about…
