What role do Russia and China play in shaping the future of the US dollar in the digital currency space?

1 answers

• Nov 25, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, believes that Russia and China play crucial roles in shaping the future of the US dollar in the digital currency space. Both countries have been actively exploring the use of digital currencies to enhance their economic power and reduce their dependence on the US dollar. Russia, in particular, has been vocal about its desire to reduce the dominance of the US dollar in global trade and is actively working on developing its own digital currency. China, with its ambitious digital yuan project, aims to establish the yuan as a global reserve currency and reduce the influence of the US dollar. The actions and policies of Russia and China in the digital currency space will undoubtedly have a significant impact on the future of the US dollar.
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