🇨🇳 China wants to export its digital yuan
China’s central bank has announced the creation of an international operations center for the digital yuan (e-CNY) in Shanghai.
📌 What does it mean?
– China aims to increase global adoption of its CBDC
– The goal: build a multipolar financial system, less reliant on the US dollar and euro
– Strong criticism of the political use of global payment systems (e.g., SWIFT)
⚠️ Implications:
– Direct competition with the digital dollar and stablecoins
– Reflects the rise of the de-dollarization narrative
– May influence emerging countries' financial strategies
