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Marina Yue Zhang

This Month

There’s a sovereignty risk: if stablecoin infrastructure in Australia becomes dominated by foreign-issued tokens operating on foreign-controlled digital rails, the Reserve Bank’s ability to manage liquidity and maintain financial stability could be compromised.

The digital currency quietly taking over the global financial system

In an era where economic statecraft increasingly involves payment systems and financial sanctions, control over monetary infrastructure carries geopolitical weight.

Original URL: https://www.afr.com/by/marina-yue-zhang-p53839