China’s digital yuan is entering a more defined and pragmatic phase in 2026. After years of pilot programs and public testing, its development path is becoming clearer. Rather than competing directly with existing consumer payment platforms, the digital yuan is being shaped as
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
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
