Coin Bureau - China Just KILLED The Dollar System [Here's How]

"The US dollar’s power doesn’t come from it being a special currency. It's the infrastructure underneath it - or rather, the lack of an alternative - that made the dollar almighty. For decades, you either played by America’s rules, or you were shut out from the global financial system it designed.

But that’s starting to change. There’s a new set of rails that allows countries to do business without going through America’s toll booth. It’s not replacing the dollar system, but it might not need to."

~ Coin Bureau

The video discusses the emergence of mBridge, a cross-border payment platform led by China that utilises central bank digital currencies to bypass the traditional US dollar-dominated financial system. For decades, the global economy has relied on New York-based clearing houses and the Swift messaging protocol, giving the United States significant power to surveil or freeze transactions via sanctions. However, mBridge enables direct, instantaneous settlement between participating nations like China, Thailand, the UAE, and Saudi Arabia, effectively removing the need for American intermediary banks. By integrating features such as interest-bearing digital yuan balances and smart contract programmability for trade automation, the platform offers a functional alternative to the dollar for sensitive transactions like oil and commodity settlements. While it does not yet match the scale of the dollar system, its existence erodes Washington's ability to use the global settlement layer as a geopolitical tool, forcing the US to rely on more costly and explicit forms of economic enforcement.

TIMESTAMPS

0:00 Intro
0:45 Background
5:14 CBDCs to the Rescue…?
12:35 Alternative Fuel
15:59 mBridge MVP

Source - Coin Bureau Finance YouTube: https://www.youtube.com/watch?v=xZwvY7QJf90

Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.