China’s e-CNY Processes $55 Billion via mBridge Platform
- China’s CBDC, known as e-CNY, has processed $55 billion through the mBridge platform.
- The mBridge platform is facilitating cross-border payments using the digital yuan.
- The Atlantic Council tracks the expansion of central bank digital currencies worldwide.
China’s digital yuan, or e-CNY, is gaining traction in international transactions through the mBridge platform, which has already processed $55 billion in cross-border payments. This development highlights China’s growing influence in the global CBDC landscape.
The significant volume of transactions underscores the momentum of China’s CBDC efforts and its potential impact on international finance systems. (Source)
