The utility of any currency is founded upon what markets it gives you access to. The USD has dominated on that score by being the currency at the base of the SWIFT bank payments protocol. Central banks have been forced to carry USD or lose access to global trade payments. This created almost limitless seigniorage for the USA- but that 'free money' SWIFT hegemony is about to end. Today China produces more manufactured goods at lower prices than any competitor. China also buys the commodities required for its giant manufacturing base and so dominates most commodity markets. Today there is no nation on earth that can afford to not trade with China without significant loss of economic advantage - this gives China the strategic advantage in developing and implementing its new CBDC as a new global trade currency. Chinas already functional CBDC DCEP is prime of its tertiary level global resource hegemony Belt and Road infrastructure.