De‑Dollarization Reaches Critical Phase: China’s Yuan Adoption for Cross‑Border Flows Tops 50%
PositiveCryptocurrency

China's adoption of the yuan for cross-border transactions has surpassed 50%, marking a significant milestone in the ongoing de-dollarization trend. This shift is crucial as it reflects China's growing influence in the global economy and challenges the dominance of the US dollar. As more countries consider alternatives to the dollar, this could reshape international trade dynamics and enhance economic sovereignty for nations looking to reduce reliance on the dollar.
— Curated by the World Pulse Now AI Editorial System