Digital Renminbi Coins, Electronic Dollar and the Stablecoins Backed Race to Central Bank

Top central banks around the world are preparing to introduce their state-backed digital currency. With its digital renminbi coins, China has set the pace with hopes of gaining a competitive advantage over the US in world trade.

The International Monetary Fund (IMF) assumes that, in addition to central banks and tech companies joining the front of the stable coin, fiat-backed cryptocurrencies could reduce over-reliance on the governm....