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Two conversations about one currency
Washington spent yesterday talking about the dollar; Beijing has been quietly building an alternative. The Fed opened its two-day conference on the international roles of the dollar — an official event, but academic and by invitation, with stablecoins, tokenization and digital assets high on the agenda. Set against the PBOC's recently launched facility letting foreign central banks tap yuan liquidity against Chinese government bonds, and the LME's plan f…Mehr …