Garlinghouse made his comments in response to an article that considered the possibility of China’s central bank digital currency (CBDC), dethroning the U.S. dollar’s power. According to the Ripple CEO:
Today, the U.S. dollar is largely the global reserve currency. The dollar is considered so strong that many countries, including China, are uncomfortable with the power and are looking for ways to circumvent any reliance on the dollar.
China has already begun testing its CBDC in four cities in the country.
bestadmin
