Mr. Gongsheng, head of the Chinese Central Bank, undertook to extend the track of the digital Juan, confirming the vision of the country to its digital currency of the central bank (CBDC).

According to In the Reuters report, China creates the International Operational Center in Shanghai for the Digital Juan, also known as e-cars. The Lord gave attention to the Lujiazui forum, a professional forum for deafening local and international financial bodies and management.

The Lord said that China predicts a “multi -speed” currency system in which many currencies support the global economy. This vision contrasts with the current system, in which several currencies, such as the US dollar and euro, play a enormous role in the global financial system.

In particular, the American dollar could become less attractive to investors in 2025, partly due to the unconateds implementation of tariffs by US President Donald Trump in recent months.

The Lord also considered digital technologies, claiming that time-honored cross -border payment systems are susceptible to geopolitical risk.

“Traditional cross-border payment infrastructures can easily be politicized and armament and used as a tool of unilateral sanctions, harmful global economic and financial order,” he said.

Related: Chinese Bitcoin ASIC manufacturers to start production in the USA among tariff pressure

Battle between Stablecouins and CBDCS

Stablecouins, often determined to the American dollar, became known for their ability to facilitate cross -border transactions. These digital assets are considered one of the first breakthrough utilize in crypto and constitute a contrast to CBDC, which are controlled by a centralized entity, such as central banks.

Despite the growing reception of Stablecouins, many countries are still chasing CBDC. Hong Kong, a special administrative region of China, is developing its Stablecoin pilot program. In Europe, legislators in the Member States still press the digital euro, while the United Arab Emirates expect the introduction of digital Dirham by the end of 2025. Israel also issued a preliminary project of a digital Shakel.

According to the report of February 11 from the official Forum of Cash and Financial Institutions (OMFIF), CBDC percentage cools among central banks, and 31% delay the implementation plans. Among central banks, joint fears include regulations and economic conditions.

China began discovery Creating CBDC in 2014 and plans to expand the digital Juan as a payment tool on both international and national arena. The country was hoping to fight the role of the American dollar as the world reserve currency. Both countries were in the trade war since Trump introduced tariffs.

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