Ninjastic
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Board Economics
Re: Will the Digital Yuan makes China even more powerful?
by
royalfestus
on 29/10/2020, 15:29:23 UTC
Quote from: KenCryptos on October 28, 2020, 09:08:30 AM
China has been testing the Digital Yuan and soon the Digital Yuan (DCEP) will be implemented soon. Will this move make China even more independent and more powerful? And what are the consequences for the world trade?

Read the article: China Soon to Legalize Digital Yuan and Ban Other Stablecoins, DCEP to Work With WeChat and AliPay
Has USDT, USDC, BUSD etc make US more powerful? No, but cryptocurrency benefit more from it.I believe those currency are better backup for value in the space. They prove how stable the space can be and the space has produced more stable coin and can see it has been growing in recent months. By the end of this bull market I expect at least $300billion worth stable coin in the space.