Skip to content

China is introducing a digital yuan: Here’s what a state-backed cryptocurrency could mean for the U.S. dollar

The Digital Redback, Ep. 29

China has sent shockwaves through the global financial system announcing that its central bank would soon introduce a digital version of its domestic currency, the yuan. Fintech Beat sits down with key IMF officials to learn about what a state-backed ‘cryptocurrency’ means for the yuan as a potential rival to the dollar.

 

Recent Stories

Trump says Iran deal announcement coming ‘shortly’

Trump tests midterm coattails with visit to Lawler’s ‘Harris district’

Ad in Texas GOP Runoff Attacks Cornyn on Immigration, Islam

Prediction markets put under spotlight by House Oversight panel

Tulsi Gabbard out as DNI but Trump doesn’t tee up a confirmation fight

Dems see ‘missed opportunity’ in Trump resisting Xi’s Hormuz help