China has expanded its digital yuan network again, adding eight banks and lifting the number of e-CNY operating institutions to 30. Xinhua reported that the People’s Bank of China approved the new lenders, which will connect to the central bank’s…
Is China Turning Its Digital Yuan Into An Interest Asset?
China’s central bank digital currency entered a new phase on 1 January 2026. On that date, digital yuan wallets started to earn interest at standard demand deposit rates. The shift turned what had once been treated as pure digital cash…
Digital Yuan CBDC Utilized for First Time in Cross-Border Oil Settlement
The digital yuan, China’s central bank digital currency (CBDC) also known as the e-CNY, has achieved a significant milestone by being utilized for the first time in settling an oil transaction. The Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced…
