Can Chinese currency yuan replace the US dollar?

[Alcor]

Of course, the Chinese government dreams that their yuan will replace the dollar in the world market. It will be a long and stubborn struggle between two large economies, and it is almost impossible to predict the outcome of this struggle in advance. However, we see that in recent decades, China's economy has continued to grow and develop. Therefore, anything is possible. At the same time, any strong state may face unexpected obstacles on this path.

[Cinno3]

Day after day I just heard the news that China's own cryptocurrency is coming to the market. However, we do not see China's own cryptocurrency properly or in the market. I think we should imagine speculation after the arrival of China’s own crypto market in the cryptocurrency market. However, the popularity of any cryptocurrency depends on the users. So none of us should wait.

[Afony]

It will be very difficult for China to compete with the dollar, for this it will be necessary to serve all countries and then maybe they will make their currency first. They are still doing very well in terms of the supply of goods and earn good money.

[nakmantu99]

I think this has been discussed a lot and I think digital yuan from China is still difficult to beat US dollars. because US dollars is a currency that is very stable and has indeed been accepted by all countries around the world.

Yes, that's right, I think yuan is difficult to beat dollar.
Dollar is more popular and has been known almost all.of people.
Maybe It will take along years again, yuan can beat dollar.
But I'm doubt It will happen.
I think US government will protect and always keep their dollar.
Let's see.

[Hisbullah]

For the short term, it seems impossible. I guess 70 per cent of all money in circulation is the US dollar. But I am also sure that the future is China if they democratize their country.

I agree, for short term, I think yuan could not replace the US dollars. But we all didn't know at the coming future, I think yuan has potential to replace US dollars.
China is the biggest economic.
Maybe at the coming future will be and yuan become dominant at market.

[Callisto]

In the future, I think it is possible, but I recently saw an analysis of all the TOP companies in the world, which are all accumulated in the United States, then I think that Dallar cannot be moved from the first place in the world currency, because companies in the United States are indeed the most powerful and most profitable in relation to everyone countries.

[Pitter]

I think it is not possible because in this particular matter it is not only attached Chinese economy but also international politics . It is not too easy replace yuan instead of US dollar.

[Kitaiev]

Now that China is pushing its digital yuan with all its might, I'm pretty sure they won't be able to replace the dollar. This course will work well domestically but not abroad. It is worth noting that this state of affairs is even better for bitcoin.

[collinsjie]

It will not be easy for the Chinese Yuan to replace the US dollar. The US dollar has penetrated the world at large and most of the country in the world uses the US dollar for their international businesses. No one is considering the Chinese yuan for now and it will not be easily accepted for now. They have big work to do before that could happen in the future.

[elbans89]

Chinese currency, Yuan I think It has potential to replace dollar at the coming future, But It will take several years again.
Because dollar is still dominant.
But anything can happen at the world
China is one of the biggest country.

[H2O]

It is not certain how popular the Chinese currency Yuan will be in the market, China is a very populous country where 95% of the people are familiar with cryptocurrency. So want If you do, you can beat the US dollar.

[Cinno3]

80% of the world's cryptocurrency users currently trade in US dollars. I think the US dollar will have popularity. When successful yuan gains popularity around the world, people may start using it instead of the US dollar. However, I think the demand for digital currencies will continue to influence the cryptocurrency market. So I think there will be digital currencies in the cryptocurrency market. Hence the need for new currencies.

[Master107]

It is not certain how popular the Chinese currency Yuan will be in the market, China is a very populous country where 95% of the people are familiar with cryptocurrency. So want If you do, you can beat the US dollar.

Despite of China popularity it couldn't replace dollars unless we will get back to the old history of wars to conquer every nations for power and control. Then impose rules and regulations about this and that and so on including the currency.

[Churphans]

It is not certain how popular the Chinese currency Yuan will be in the market, China is a very populous country where 95% of the people are familiar with cryptocurrency. So want If you do, you can beat the US dollar.

Despite of China popularity it couldn't replace dollars unless we will get back to the old history of wars to conquer every nations for power and control. Then impose rules and regulations about this and that and so on including the currency.

Suddenly entering a cryptocurrency market cannot replace a popular cryptocurrency. The cryptocurrency covers a certain portion of the US dollar so it is one Removing is not an easy task at all.

[ranaprime]

Already China ban crypto currency so normally it is prohibited. If they approve crypto currency again then i think they won't take  the position because US dollar are established all over the world and reliable also authentic. In some sense i think it is impossible for china to implement cyypto instead of US dollar.