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China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of the yuan just rose to its highest level since … Read more
Harvard University’s Digital Currency Wars simulation considers a hypothetical future crisis scenario involving a DPRK nuke purchase facilitated by a digital yuan Go to Source Powered by WPeMatico
A lot of eyes are on the Chinese central bank. The institution has confirmed it will launch a digital yuan “soon’, and some more details have come to light this week. Creating a new stablecoin pegged to the yuan will not be an easy feat. Especially if that yuan continues to be devalued by the … Read more
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch … Read more