more details about China’s digital Yuan

specifically the government’s goals and they’re pretty simple: push back against US dollar hegemony and boost retail payments. About a six minute read.

Comment: this is an excellent article, important to keep in mind once deployed, the digital Yuan will be the single largest crypto on the planet, in terms of users. Also once deployed and in use domestically, China will no doubt push its use to those who import Chinese goods. Game, set, match, USD hegemony done. This is the natural end result of Washington’s decades long weaponisation of USD.