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JP Morgan: CBDC Threatens Hegemony of US Dollar

JP Morgan: CBDC Threatens Hegemony of US Dollar

JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar. According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country with more to lose from the disruptive potential of digital currency than the United States.”