China has opened a new operations centre in Shanghai to promote the digital yuan and push its use in international finance
China's State Council plans to allow the use of yuan-backed stablecoins for the first time since the 2021 crypto ban
The Chinese Digital Yuan CBDC project has clocked $1 trillion in total transactions, a figure that places it ahead of USDT and USDC
The People's Bank of China (PBoC) has advanced its Digital Yuan testing with the Hong Kong Monetary Authority (HKMA)
The Bolivian Central Bank has chosen to use the Chinese Yuan in order to cushion the effect of the Dollar scarcity
With the exception of just a few trials in Hong Kong, digital yuan is still extremely limited compared to China's 1.4 billion people.
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