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Report: China’s Digital Yuan Processes $55B as Cross-Border CBDC Rails Take Shape

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Report: China’s Digital Yuan Processes $55B as Cross-Border CBDC Rails Take Shape
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TL;DR:

According to a Reuters report citing data compiled by the Atlantic Council, a Washington-based think tank that tracks central bank digital currencies ( CBDCs) and their expansion, China’s CBDC, known as e-CNY, has processed $55 billion through the ‘mBridge’ platform. Digital Yuan Momentum Builds as...

Key Points:

  • Report: China’s Digital Yuan Processes $55B as Cross-Border CBDC Rails Take Shape

    • Background:

    Bitcoin is the first and largest cryptocurrency by market capitalization, often viewed as digital gold and a store of value.

    Why It Matters:

    This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.