According to Roche, China’s central bank digital currency, or CBDC, could hypothetically beat the U.S. dollar as a reserve currency, but it would take a “very, very long time.” The strategist reportedly emphasized that the euro accounts for a “miserable” 18%–20% of all global trade, while the Chinese yuan composes 2% of international trade settlements. He said:
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Source: Cryptocurrency - investing.com
