In March 2025, the article "Strategic digitization in currency and payment competition" constructed a competition model between central bank digital currencies and private digital money (PDM). The study found that countries strategically promote the digitization of their fiat currencies to enhance adoption rates and counter PDM competition. Less dominant currencies achieve digitization earlier, reflecting first-mover advantages; dominant currencies delay digitization until faced with competition; the weakest currencies abandon digitization. Delaying digitization allows PDM to gain dominance, ultimately weakening fiat currencies. Additionally, the study emphasizes how geopolitical factors, stablecoins, and the interoperability between fiat currencies and private digital currencies affect the digitization of money and currency competition. The Research Institute of Financial Technology at Renmin University of China compiled the core parts of the study. #6 BTC全民空投限时派送中# #Gate Alpha积分撸40U# #白宫加密报告发布# .