<ul data-eligibleForWebStory="false"><li>China and Russia are making moves to challenge the dominance of the USD in the stablecoin ecosystem.</li><li>Rostec in Russia plans to launch a Ruble-pegged stablecoin on the Tron blockchain, while Chinese tech giants support a Yuan-pegged stablecoin initiative.</li><li>The emergence of non-USD stablecoins like RUBx and Yuan reflects a desire for monetary sovereignty in cross-border trade and offers currency diversity in DeFi.</li><li>Platforms like Stabull Finance are facilitating the accessibility of non-USD stablecoins and could play a pivotal role in the future of on-chain finance.</li></ul>

The Stablecoin Wars Begin: China and Russia Challenge the USD Peg

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