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The Economic Times

Top News / The Economic Times

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King dollar risks losing its crown to an Asian mutiny

Asian nations are quietly challenging the dollar's global dominance, moving beyond mere rhetoric. China's digital yuan (e-CNY) now offers interest, making it competitive with bank deposits. Meanwhile, the mBridge platform, a cross-border payment system involving several countries, is rapidly expanding, settling billions in transactions, with the e-CNY dominating its usage.

10 Feb 2026 10:27 am