Why can't we use digital renminbi directly?๐
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ๅคฑ็ ่ๅ็พค
ยท
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BullishWow!! I finally waited for you!! Good thing I didn't give up!!
China is finally going to launch the Renminbi #็จณๅฎๅธ , it should have been done a long time ago!
Many Chinese-funded enterprises in Asia, Africa, and Latin America have been using US dollar stablecoins for settlement due to the lack of reliable local banks.
After launching the stablecoin, the Renminbi can solve the infrastructure documentation issue that overseas banks have with not supporting Renminbi accounts, directly backed by strong industrial capabilities and a face-off with US dollar stablecoins.
In the crypto track, countries like Europe, Japan, and South Korea actually have no competitive edge, it still depends on the competition between China and the US~
But China's disadvantages are also very obvious: there is a fear that stablecoins are too convenient for money laundering, and it could end up like the digital Renminbi...
China is finally going to launch the Renminbi #็จณๅฎๅธ , it should have been done a long time ago!
Many Chinese-funded enterprises in Asia, Africa, and Latin America have been using US dollar stablecoins for settlement due to the lack of reliable local banks.
After launching the stablecoin, the Renminbi can solve the infrastructure documentation issue that overseas banks have with not supporting Renminbi accounts, directly backed by strong industrial capabilities and a face-off with US dollar stablecoins.
In the crypto track, countries like Europe, Japan, and South Korea actually have no competitive edge, it still depends on the competition between China and the US~
But China's disadvantages are also very obvious: there is a fear that stablecoins are too convenient for money laundering, and it could end up like the digital Renminbi...
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