Is China hoarding gold so yuan becomes global reserve instead of USD?
CoinTelegraph
by Felix NgFebruary 11, 2026
AI-Generated Deep Dive Summary
China has been steadily accumulating gold reserves over the past 15 months, fueling speculation that it aims to challenge the US dollar's dominance as the world's primary reserve currency. This strategic move could potentially position the Chinese yuan at the center of international trade, marking a significant shift in global economic power dynamics. While official reports claim China holds only 2,306 tonnes of gold, independent estimates suggest its actual holdings might be much higher—some experts believe it could exceed 5,411 tonnes, nearly double the reported figure.
The article highlights how China's quiet accumulation of gold allows it to build a financial buffer and reduce reliance on the US dollar without triggering market panic. By transforming surplus dollars into gold, China can exert downward pressure on the greenback over time, especially if other nations follow suit. This approach contrasts with more aggressive tactics like selling US Treasuries, which could destabilize global markets.
The implications for crypto and blockchain are significant. As China seeks to diversify away from the USD, it may indirectly influence the adoption of alternative currencies, including cryptocurrencies. A shift toward a yuan-backed system could reshape international trade and challenge the existing financial order, making this a key development for those following global economic trends and the potential rise of digital currencies in international trade.
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Originally published on CoinTelegraph on 2/11/2026