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Chinese digital yuan CBDC used for first time to settle cross-border oil deal

CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange.

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Archive context

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

Chinese digital yuan CBDC used for first time to settle cross-border oil deal

CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange.

Why this matters

This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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