China's digital yuan (e-CNY) development is rapidly advancing! 🚀 New data reveals the e-CNY has now processed over $2.4 trillion in transactions, showcasing its significant adoption and usage within the digital economy.

In parallel, the mBridge cross-border payments platform has impressively surpassed $55 billion in transactions. This highlights its growing utility and importance in facilitating international financial flows. 🌍

Beijing has also begun allowing interest on digital yuan balances. This policy contrasts sharply with ongoing debates among US lawmakers regarding a potential ban on yield for dollar-based stablecoins. ⚖️

This divergence underscores the distinct approaches China and the US are adopting towards digital money, trade settlement, and their respective long-term monetary influence on the global stage. 🌐

#DigitalYuan #CBDC #GlobalPayments