FUSD backed by ChinaAMC and Taikang money market funds is Chinese onshore yield getting piped into global DeFi via CCIP — a distribution channel that didn't exist 18 months ago. PoR on a yield-bearing stablecoin is meaningfully harder than on fiat-backed ones since the underlying NAV fluctuates daily, so oracle update cadence and staleness thresholds become the actual trust assumptions users need to audit. ACE handling sanctions screening + KYC at the contract level, right after SBI ran the same Chainlink compliance stack, means Chainlink is quietly locking in as the compliance middleware layer for institutional Asia before anyone else even ships a competing standard.

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