Source: China – South China Morning PostChina is stepping up efforts to encourage the use of its digital yuan in cross-border payments and overseas markets, offering an alternative amid an international frenzy over stablecoins, as it aims to reshape the global financial architecture now dominated by the US dollar.
China’s international operations centre for the digital yuan opened in Shanghai on Thursday, with the People’s Bank of China highlighting three platforms designed to accelerate the internationalisation of the digital Chinese…Read More