The dollar index is experiencing one of its worst performances since the Reagan administration, with the greenback plummeting against other fiat currencies. Analysts suggest that
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Yuan vs. Greenback: China’s Quiet Campaign for Financial Supremacy
Chinese authorities are ramping up efforts to enhance the international status of the yuan and reduce reliance on the U.S. dollar, particularly as confidence in
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Analysts: China Should Introduce Yuan Alternatives to Combat Dollarization Driven by Stablecoins
According to analysts, one alternative for China to combat the impending stablecoin-based dollarization and its unintended consequences is the issuance of a yuan stablecoin. This
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China’s Central Bank Governor Envisions the End of US Dollar Dominance
China’s central bank governor, Pan Gongsheng, has indicated that a new global currency order may emerge, challenging the long-standing dominance of the U.S. dollar. Speaking
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ECB Confirms Gold Dethroned the Euro as the Second Reserve Asset
A recent report by the ECB confirms that gold, following a significant rally in 2024, has become the second-largest asset held by central banks as
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Societe Generale to Launch USD Stablecoin on Ethereum and Solana
Societe Generale Group’s crypto asset-focused subsidiary is set to launch a new stablecoin called USD Coinvertible (USDCV) on Ethereum and Solana. 24/7 Conversion Offered for
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