In my opinion, if China's digital yuan is successful, then China will become the undisputed number one global superpower. the reason is when we combine the launch of digital yuan with China's "One Belt One Road" strategy. where China builds major infrastructure such as ports, bridges, roads, etc. in Central Asia, West Asia, Middle East, Africa, and European Countries which ultimately aims to secure global supply chains to and from China.
Having the technology behind this digital yuan will strengthen China's global position and allow it to increase the use of the global yuan that is widespread China's "One Belt One Road" has put it in a strong position, and when combined with the digital yuan. China is moving into the most strategic global position.
- Although China's commodity flow and global supply capacity is relatively large, but recently, this scope is shrinking due to the pandemic they created, almost a lot of countries took the opposite side and demanded compensation for the damage caused by the pandemic, global supply chains and their products are facing problems when ports from other countries do not want to take over. The digital yuan is probably not making a strong and new mark on them either, they need a deal and compensation before they want to continue to grow.
That is indeed true. The pandemic really changed how things were functioning before it spread globally. And needless to say, even if China was able to establish its own strong digital currency, I do not think that other countries especially USA would just let it reign. I believe that many will think of ways to outshine and be better than China then.