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China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
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scmp.com
China needs yuan-backed stablecoins ‘sooner rather than later’, Beijing urged
The US dollar’s dominance in global markets could be enhanced by stablecoins, and China has a golden chance to make the yuan a more global currency, analysts say.
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China’s yuan set to benefit as central banks report doubts about US dollar
Survey of central banks shows concern over long-term viability of US dollar, but not enough for the yuan or other currencies to supplant it.
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cnbc.com
China doubles down on promoting yuan as confidence in U.S. dollar takes a beating
From expanding investment channels to building digital infrastructure, Beijing has been laying the groundwork to promote international use of its currency.
- ·
‘Summer Davos’ debate: is China’s yuan ready to challenge US dollar dominance?
Trump’s tariffs threaten greenback’s supreme status, but analysts see long road ahead for Chinese currency.