China’s digital yuan is ‘a long way’ from beating USD

China’s digital yuan is ‘a long way’ from beating USD

It is unlikely to dethrone the United States dollar as the world’s reserve currency anytime soon, according to this financial firm executive. David Roche, president and global strategist at Independent Strategy, believes that China’s digital yuan has “a long way” before it will become able to challenge the U.S. dollar as a reserve currency, CNDC reports Nov. 2.According to Roche, China’s central bank digital currency, or CBDC, could hypothetically beat the U.S. dollar as a reserve currency, but it would take a “very, very long time.” The strategist reportedly emphasized that the euro....


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