China's digital yuan will not topple the dollar, SEC official says

3 years ago
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https://www.reuters.com/article/us-cenbanks-digital/chinas-digital-yuan-will-not-topple-the-dollar-sec-official-says-idUSKBN2CG246

China's planned digital yuan will not dethrone the dollar, a top Securities and Exchange Commission official said on Thursday, citing the growth of so-called stablecoins backed by the greenback.