Is China’s Digital Yuan Becoming a Settlement Tool? The Geopolitics of Monetary Hedging

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China’s digital yuan has spent years being judged by the wrong test. Most attention has focused on whether ordinary users would abandon Alipay or WeChat Pay for a state-backed wallet. The more consequential shift is now taking place deeper inside the financial system, where digital money meets bank balance sheets and cross-border settlement. From 1 [...] The post Is China’s Digital Yuan Becoming a Settlement Tool? The Geopolitics of Monetary Hedging appeared first on Modern Diplomacy .