Could China’s Digital Currency Unseat The Dollar?

It will. China became the first major economy to conduct a real world test of a national digital currency. The pilot project, which has occurred in four large Chinese cities, is a clear sign that China is years ahead of the United States in the development of what is likely to become a central component of a digital world economy.

Useful link:

https://www.foreignaffairs.com/articles/china/2020-05-20/could-chinas-digital-currency-unseat-dollar

https://www.belfercenter.org