The Chinese #Yuan is gathering speed, given its importance in the global supply chain as the world’s largest exporter.

However, launching a digital Yuan will not unseat the #Dollar, at least not immediately.

Even though China could exert significant pressure on trade partners to move away from the Dollar, political unrest in China and the effort of shifting reserves and invoicing will hinder adoption.

The launch of a digital Yuan will have major implications for all major economies, though.

Europe’s position in second is especially precarious, as many speculate that while a digital Yuan may not be enough to unseat the Dollar, it will drastically cut into the market shares.

With the amount of dollars currently held in reserve, launching a major digital currency will speed the race to determine who will come out on top, rather than immediately declare a winner.

The 5-10 year gap while economic powers vie for prominence in a digital economy will leave room for other digital currencies, including private stablecoins, to emerge as strong contenders.

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