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America is losing the Digital Currency War because of Trump
Daniel G. Jennings10 min read·Just now--
America is losing one of the most important conflicts of our time, the digital currency war, to China because of President Donald J. Trump Senior (R-Florida).
The People’s Bank of China (PBOC) has gone all in on digital currency. Use of the PBOC’s central bank digital currency (CBDC) the Digital Yuan (CNY) grew by over 800% between 2023 and 2026, The Atlantic Council estimates. The Digital Yuan’s cumulative transaction value exceeded $2.3 trillion by late 2025.
Plus, Project mBridge, which lets banks use Digital Yuan to settle transactions, grew by over 2,500% to $55.49 billion between 2022 and 2026, the Atlantic Council claims. Indeed, the Saudi Central Bank uses mBridge, a blockchain transfer system, to swap Yuan for Saudi Riyals.
That allows the Saudi Central Bank to convert its yuan for gold through the Shanghai Gold Exchange International. Consequently, Chinese buyers can now buy Saudi oil with yuan. Allowing them to purchase crude without US dollars. The global oil market has run on US dollars (petrodollars) since the 1970s. Cynics, like me, will say mBridge and the Digital Yuan will drive the world’s financial center from Wall Street to Shanghai.
