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China s E-Yuan Could Be Largest Threat to West, as US Slow to Develop Digital Dollar - Report © REUTERS / Dado Ruvic Subscribe Sputnik International https://sputniknews.com/us/202107261083461106-chinas-e-yuan-could-be-largest-threat-to-west-as-us-slow-to-develop-digital-dollar -report/ Analysts widely believe that the dollar s status as the world s primary reserve currency is safe for the time being, as it is held by more central banks and significant financial institutions for international transactions and investments than any other currency, but its domination is increasingly being challenged. China is outperforming the US in terms of online money innovation, posing a threat to the dollar s standing as the de facto monetary reserve, CNBC reported, citing researchers from the Federal Reserve Bank of Boston and MIT’s Digital Currency Initiative.

United statesDarrell duffieNeha narulaPew research centerCentral bank digital currencyFederal reserve bankDigital currency initiativeStanford university graduate school of businessMedia labStanford universityGraduate schoolWorld artificial intelligence conferenceChina julyKyle bassHayman capitalDigital currency electronic payment