On Wednesday, China officially reached another milestone in reducing dependency on the U.S. dollar, becoming the most used currency for cross-border transactions.
Cross-border transaction and receipts for the Chinese-Yuan added up to a record $549.9 billion in March, up from February's $434.5 billion, according to numbers released by the State Admin of Forex.
U.S. officials and/or several mainstream media outlets such as CNN, are yet to distribute the information to the public.
Meanwhile, the apparent majority of Twitter users blame the Biden Administration and/or tie the dethronement of the U.S. dollar to the lack of leadership and responsibility by the Biden Administration.
by Ryan Griffin