Digital Yuan Launches 26-Institution Payment Network
China’s Central Bank onboarded 26 banks to CBETS, enhancing cross-border digital yuan adoption. Mbridge hit $55B, with 95% in digital yuan, challenging SWIFT. #Update #Crypto
Digital Yuan
China Launches SWIFT Rival Digital Network
China plans a commercial rollout of Mbridge, challenging SWIFT with 470B yuan processed, after Sheikh Mansour’s 50M digital dirham transaction. #Update #Crypto $CNY