E-CNY Unlikely to Dethrone Dollar Despite China’s Digital Push
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最新报道：China is accelerating its digital yuan (e-CNY) adoption with plans to expand its use in cross-border transactions, aiming to challenge the U.S. dollar's dominance. The People's Bank of China (PBOC) is collaborating with Hong Kong and Thailand to test cross-border payments using the digital currency. Pilot programs in major cities like Shenzhen and Shanghai have already processed over $14 billion in transactions. Analysts suggest the e-CNY could reduce reliance on dollar-based systems like SWIFT, though widespread international adoption faces regulatory and trust hurdles. The move aligns with China's broader strategy to boost financial sovereignty and global influence through blockchain-based solutions.
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