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0 sats \ 0 replies \ @Solomonsatoshi 29 Dec 2024 \ parent \ on: SWIFT Proves Massive Dollar Dominance charts_and_numbers
Yes but the Yuan is not.
All nations must trade with China or suffer loss.
What do you think the Russian oil and gas that is now flowing into China (at a nice discount) is settled with?
What is the Iranian oil that is flowing into China bypassing US sanctions settled with?
Its not in dollars or Euros and its not routed via SWIFT...
Chinas CBDC Yuan is designed to provide a US sanctions proof alternative to SWIFT- and it does.