About This Event
The Chinese government is reimagining money through the digital yuan, aiming to accelerate the replacement of cash. In a time when digital payments through platforms such as WeChat Pay and Alipay are increasingly common, advocates of the digital yuan argue it will compete with the US dollar as the default global currency and reduce user risk. Critics argue it may become another tool for surveillance. Stanford’s Dr. Darrell Duffie, CNAS’s Yaya Fanusie, and others will discuss the technology behind the use of the digital yuan, what it means for consumers, and what economic and security implications are at stake for China, the United States, and other major world economies.