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Posted: 2025-04-07 08:38:29 UTC
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We use a score to evaluate content reliability. This article's score is high enough, and there are no largely false claims identified in this rollup.
Status
Last Updated
2025-04-07 09:23:22 UTC
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Rollup News
China has launched a global digital payment network bypassing SWIFT, connecting its digital RMB to 10 ASEAN and 6 Middle Eastern nations, covering 38% of global trade. This network allows for payments to clear in 7 seconds with fees slashed by 98%.
Bypasses SWIFT and the US dollar
Faster payment clearance (7 seconds)
Reduced fees (98% reduction)
Expansion of RMB trade in ASEAN and Middle East
De-dollarization in action
US debates on digital currency threat
Potential impact on US dollar dominance