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A Post-Dollar World? Saudi Arabia Reportedly Considers Accepting Yuan Instead of Dollar for Chinese Oil Sales

Saudi Arabia is reportedly in talks with Beijing to price some of its oil sales to China in Chinese currency yuan instead of the U.S. dollar. This could dent dollar’s dominance in the global market.

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Finance

Saudi Arabia Mulls Pricing of China Oil Sales in Yuan: Report

The move would be a challenge to the U.S. dollar, which has dominated as the medium of exchange for the oil trade for decades.

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Markets

Cuáles son las monedas que podrían reemplazar al dólar como principal reserva de valor

La participación de la moneda estadounidense en las reservas mundiales no ha dejado de disminuir desde hace años. ¿Tomará el euro, yuan o bitcoin su lugar en el centro de las finanzas mundiales?

Durante medio siglo, Estados Unidos pudo convertir al dólar en la base de un sistema mundial de tipos de cambio. Ahora, China quiere hacer lo mismo.

Markets

Ranking the Currencies That Could Unseat the Dollar

The dollar's share of global reserves has declined steadily for years. Will the euro, yuan or bitcoin take its place at the center of global finance?

Durante medio siglo, Estados Unidos pudo convertir al dólar en la base de un sistema mundial de tipos de cambio. Ahora, China quiere hacer lo mismo.

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Markets

Bitcoin News Roundup for May 27, 2020

While the yuan weakens against the U.S. dollar, Coinbase makes an acquisition to grow its institutional trading infrastructure. It's another episode of CoinDesk's the Markets Daily podcast.

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Markets

Slipping Chinese Yuan May Boost Bitcoin Price, Past Data Suggests

With historical data suggesting an intermittent correlation, bitcoin traders may do well to keep an eye on the ongoing slide in the yuan, analysts say.

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Markets

China’s Central Bank: Here’s the Latest on the Digital Yuan

The People's Bank of China said several important processes in the development of the digital yuan were "almost complete."

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Markets

China Central Bank Official: Digital Yuan Should Have 'Controllable Anonymity'

China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.

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Markets

Facebook Adds Singapore Dollar to Libra Crypto Basket: Report

Facebook reportedly included the Singapore dollar but not the Chinese yuan in an updated list of currencies meant to back the Libra stablecoin.

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Markets

Tether Launches Chinese Yuan-Pegged Stablecoin on the Ethereum Blockchain

Tether has launched its Chinese yuan-backed stablecoin, which it revealed will run on the ethereum blockchain as an ERC-20 token.

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