Digital yuan will combat US 'dollarization' says former PBoC governor

“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan.

“We need to prevent dollarization — this is one of the major designing points of the Chinese DCEP,” said Zhou Xiaochuan.

from Cointelegraph.com News https://cointelegraph.com/news/digital-yuan-will-combat-us-dollarization-says-former-pboc-governor