The Global Chessboard, IT₂U₂ Policy, and the Digital RMB Challenge to Dollar Hegemony

Аннотация

The international financial system remains overwhelmingly dependent on the United States dollar, particularly for cross-border trade settlements and international transactions. This dominance allows the United States to exercise extensive oversight through institutions such as the Federal Reserve and the SWIFT messaging network. However, the emergence of China’s Digital Renminbi (e-CNY) represents a structural challenge to this architecture. This research paper argues that the Digital RMB is not merely a technological innovation but a deliberate geopolitical instrument aimed at dismantling the dollar-centric clearing system, particularly the mandatory multi-day settlement hold enforced by US financial institutions. By enabling near-instant cross-border transactions within seconds, China is redefining transaction sovereignty and accelerating the transition toward a multipolar financial order. The study situates the Digital RMB within broader global realignments, including the declining effectiveness of American lobbying power, shifting alliances in Latin and Central America, and the adaptive role of the IT₂U₂ framework as a containment-through-coalition strategy.