Story perspectives

China's Digital Yuan Surges: 800% Growth by 2025

1/26/2026

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Summary

Story summary

China is expanding the digital yuan (e-CNY) for domestic and cross-border use, aiming to transform international payment infrastructure rather than replace the US dollar.
By end of 2025, the digital yuan had processed over 3.4 billion transactions worth US$2.3 trillion, up 800% since 2023.
China’s involvement in Project mBridge has led to over 4,000 cross-border transactions totaling nearly US$55.5 billion, with the digital yuan accounting for 95% of settlement volume.

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Story summary

China is expanding the digital yuan (e-CNY) for domestic and cross-border use, aiming to transform international payment infrastructure rather than replace the US dollar.
By end of 2025, the digital yuan had processed over 3.4 billion transactions worth US$2.3 trillion, up 800% since 2023.
China’s involvement in Project mBridge has led to over 4,000 cross-border transactions totaling nearly US$55.5 billion, with the digital yuan accounting for 95% of settlement volume.