A China-linked consortium is exploring a renminbi-based stablecoin aimed at settling trade outside SWIFT. If successful, it could erode the dollar’s leverage in emerging-market commerce.
A China-linked consortium is exploring a renminbi-based stablecoin aimed at settling trade outside SWIFT. If successful, it could erode the dollar’s leverage in emerging-market commerce.
2
comments
Is that good? It sounds good.
Rumours like this have been circulating for a decade or more.