Digital Yuan currency symbol over a map of Shanghai, illustrating China's push for cross-border payments.
Blockchain News

Digital Yuan: China’s Strategic Shanghai Hub Bolsters Cross-Border Payments

A significant development is reshaping the landscape of global finance. China’s central bank, the People’s Bank of China (PBoC), has established a dedicated **Digital Yuan** hub in Shanghai. This strategic move aims to accelerate the adoption of the country’s central bank digital currency (CBDC) for critical international transactions. It specifically targets cross-border payments and international […]