A China led cross border digital currency platform has recorded a sharp surge in transaction volumes, underscoring growing interest among central banks in alternatives to dollar centric payment systems. The platform, designed to enable direct settlements using central bank digital currencies, has processed
From pilot currency to system wide instrument The digital yuan has moved steadily from controlled pilot programs into broader real world usage. What began as a technical experiment in retail payments is now entering a phase defined by scale, integration, and policy relevance.
China is preparing to take a significant step in the evolution of its central bank digital currency by introducing interest payments on digital yuan balances starting January 1, 2026. The move signals a shift in how the digital yuan is positioned within the
China is preparing a renewed push to expand the use of its digital yuan in 2026, seeking to turn early technical leadership into meaningful everyday adoption. Despite being one of the first major economies to launch a government backed digital currency, the digital
China is preparing to significantly upgrade its digital yuan as global interest in stablecoins continues to grow, signalling a new phase in the country’s approach to digital currency and financial infrastructure. The shift reflects Beijing’s effort to ensure its central bank digital currency
The People’s Bank of China (PBoC) has announced a major expansion of its digital RMB pilot, extending the project to additional cities and cross-border testing hubs in Southeast Asia, the Middle East, and Europe. This marks the most ambitious phase yet of China’s
China’s digital yuan is quietly reshaping how money moves across Asia. Once a domestic experiment in digital payments, the e-CNY is now expanding into Southeast Asia through pilot programs, trade partnerships, and digital currency bridges. This shift marks a fundamental change in regional
China has opened a new Digital Yuan Hub in Shanghai with the explicit aim of expanding cross-border payment capacity. The hub represents one of the most ambitious steps in the evolution of the e-CNY, the country’s central bank digital currency. Officials describe the
The People’s Bank of China (PBOC) has inaugurated a new Digital Yuan Operation Center, a major step in moving its central bank digital currency (CBDC) strategy from pilot testing to institutional scale. The center is designed to manage the technical backbone, improve settlement
