No one will win when the dollar starts wavering
Can the U.S. dollar maintain its status as a global reserve currency? And what happens when that status starts to waver?
No dollar, no crypto, but the e-yuan
The value of a currency is based on trust. The Russian sanctions have not helped the status of Western currencies. Yet crypto currencies also have difficulty escaping Western sanctions. The digital currency issued by China’s central bank, also known as the e-yuan, is succeeding. It may gradually gain market share from the dollar.