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China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals

China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials fo...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […]

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