美国智库：中国数字人民币！美元主导金融体系的替代方案（英文版）

Central bank digital currencies (CBDC) are digital tokens issued by central banks. In a way, they are the digital version of cash; their value is guaranteed by a central bank. Unlike money held in creditcards and mobile wallets, CBDCs are not a mere representationof physical money stored elsewhere. Instead, they are a complete replacement for currency notes. While several countries are developing their digital currencies, China is well positioned to take the lead with the digital yuan. This pape