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Multi-central bank DC project mBridge enters new stage, foretelling highly efficient cross-border settlement foreseeable in future
When cross-border settlement facilitation arouses increasing attention among countries around the world, developing central bank digital currency (CBDC) is of rising importance in addressing related issues as a viable solution.
June12,2024
China's Hainan sees cross-border RMB use exceed 300 billion yuan
South China's Hainan Province recorded 326.8 billion yuan (about 46 billion U.S. dollars) of renminbi (RMB) cross-border settlement in 2023, representing a massive 122.9 percent year on year increase, said local authorities on Wednesday.
February01,2024
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