e-CNY
4 stories
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financeChina Upgrades Digital Yuan to Interest-Bearing System Challenging Dollar Dominance
The People's Bank of China transforms the e-CNY into an interest-bearing deposit system by 2026, aiming to bypass SWIFT and reduce reliance on the US dollar in global trade.
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cryptoChina Plans National Clearinghouse to Bolster Digital Yuan
China's central bank proposes a union-pay style clearinghouse for the digital yuan, aiming to solidify the e-CNY's financial infrastructure.
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cryptoRussian Drone Hits Chinese Ship Near Odessa Ahead of Putin-Xi Summit
A Shahed drone from Russia attacks a Chinese-crewed vessel, raising diplomatic tensions just before Putin and Xi meet in Beijing.
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cryptoCircle CEO Sees Yuan Stablecoin Potential Despite China's Restrictions
Circle CEO Jeremy Allaire believes a yuan-backed stablecoin presents a significant opportunity for China to boost global currency usage, even amid domestic curbs.