Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia
China’s CBDC wants to displace the U.S. dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT.
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China’s central bank digital currency is usually identified as a way to challenge the dominance of the U.S. dollar, not Bitcoin (BTC). But it may struggle to find adoption in niches where crypto versions of the dollar thrive, primarily Tether (USDT).
See more for yourself here (https://cointelegraph.com/news/expert-digital-yuan-will-have-a-hard-time-displacing-tether-in-asia).