IntroductionChina 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
IntroductionThe 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
A look at how the e-CNY is being positioned against USDT, USDC, and RMBT in the race for cross-border adoption. A Monetary Revolution in Motion China’s experiment with the digital yuan (e-CNY) has moved from pilot projects to a broader rollout, placing it
