CHINA Is De-Dollarizing: China Launches $1.2 Trillion Digital Yuan System - Bypasses Western SWIFT

CHINA Is De-Dollarizing: China Launches $1.2 Trillion Digital Yuan System - Bypasses Western SWIFT

April 8, 2025

U.S. DOLLAR COLLAPSE - FOLLOW THE MONEY

World Affairs In Context

E-Yuan, China’s central bank digital currency (CBDC), is quickly emerging as a potential threat to the U.S. dollar’s global dominance. The digital yuan represents, at this moment in time, China’s bold step into the future of finance, as the world’s second-largest economy is now aggressively positioning its CBDC to reshape international monetary systems. This new digital currency isn’t just another cryptocurrency – it’s actually a state-backed financial instrument with significant and far-reaching geopolitical implications.

The e-yuan was introduced as a pilot program back in 2019, after the People’s Bank of China began developing its centralized digital currency strategy in 2014. Initially tested in major cities like Shenzhen, Suzhou, Chengdu, and Xiong’an, the digital yuan has already accumulated approximately 261 million wallets according to statements from the PBOC, though a full nationwide launch is still pending and might take some time to fully materialize.

China’s Strategic Advantage

China’s CBDC development comes with several strategic advantages that position the e-yuan as a potential dollar challenger. Right now, at the current moment, the country leads the world in transitioning toward cashless economies and has, over the years, pioneered vast FinTech ecosystems including platforms like Alipay, WeChat Pay, and also UnionPay. The renminbi is currently the fourth most active currency for global payments by value according to SWIFT, already ahead of both the Japanese yen and Canadian dollar, which is quite significant.

https://watcher.guru/news/currency-e-yuan-is-here-how-chinas-cbdc-could-destroy-the-dollar

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