Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia


Source: cointelegraph.com

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Crypto ➜ Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia July 6, 2020 crypto News 0 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. 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 ). At...