"There has been a rise in the development of payments systems in addition to the growth of digital currencies, which may pose a threat to the autonomy of the USD," Worthington told Newsweek. "In particular, China is developing a digital yuan that is backed by China's central bank, and which could be set to rival the USD as a way to settle trade."
Goldman Sachs has predicted that the digital yuan could reach 1 billion users over the course of the next decade, a development Worthington said "could threaten the established role of the USD as the world's reserve currency."
https://www.newsweek.com/sanctions-dest ... cy-1580619