Conflux’s move turns private crypto rails into Beijing’s sharpest tool yet for chipping away at U.S. payments supremacy

Aimed at regulating stablecoins, GENIUS Act quietly builds a parallel dollar system that bypasses the Fed, marking the biggest transfer of monetary power from Washington to corporate boardrooms in U.S. history.

With 137 nations racing to launch state-controlled digital currencies, Christine Lagarde’s 2025 deadline is the trigger for a new monetary order.