China’s digital currency is moving beyond domestic use and entering a new era of cross-border settlement. In 2025, the Digital Yuan 2.0 initiative has become the foundation of Asia’s new financial infrastructure, connecting China’s central bank digital currency (CBDC) with key trading partners
China’s digital yuan, or e-CNY, has moved beyond pilot projects to become an active settlement currency across Southeast Asia. In 2025, cross-border payment trials involving Singapore, Malaysia, and Thailand have transformed into a formal trade network connecting the region’s major financial hubs. The
China’s digital yuan is rapidly emerging as a preferred settlement tool in cross-border trade across Southeast Asia. Supported by the People’s Bank of China (PBoC) and regional central banks, the digital yuan has entered the next phase of internationalization. According to Reuters and
