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Stablecoins, Not Bitcoin, Extend US Dollar Hegemony, Chinese Economist Warns
23.3.2025
A Chinese economist, Zhang Ming, argues that U.S. dollar-pegged stablecoins, not Bitcoin or Ethereum, are strengthening the U.S. dollar’s global dominance. Dollar-Pegged Stablecoins Bolstering Dollar’s Global Role According to Zhang Ming, deputy director of the Institute of Finance and Economics...
Chinese Yuan Not Ready to Topple US Dollar as World Reserve Currency, Says Strategist
2.9.2023
A global macro strategist has explained that the Chinese yuan is unlikely to replace the U.S. dollar as the global reserve currency. She emphasized that the “weaponization” of the USD is one of the top reasons why Russia, China, and other BRICS nations have been seeking an alternative...
Russia and China De-dollarization Approaching ‘Breakthrough Moment’
20.8.2020
China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements...