The post China’s Digital Yuan Platform Passes $55 Billion in Cross-Border Transactions appeared on BitcoinEthereumNews.com.

Fintech China’s push to modernize cross-border payments is gaining momentum, as a digital currency platform backed by Beijing quietly scales up transaction volumes and attracts growing attention from global policymakers. New analysis from the Atlantic Council shows that transactions on the mBridge platform have now surpassed $55 billion in cumulative value, as reported by Reuters. The system, still technically in a pilot stage, connects central banks from China, Hong Kong, Thailand, the United Arab Emirates, and Saudi Arabia, and has already processed more than 4,000 international payments. Key Тakeaways Transactions on China-led mBridge have surpassed $55 billion, signaling rapid adoption The digital yuan dominates activity, supported by incentives such as upcoming interest payments mBridge aims to reduce reliance on dollar-based systems rather than replace them directly Global policymakers are closely watching as trade and commodity settlements expand  The pace of growth suggests that alternative settlement systems are moving beyond theory, even as the dollar remains dominant in global finance. Digital Yuan Drives Most of the Growth A striking feature of mBridge’s expansion is how heavily it relies on China’s digital currency. The digital yuan, issued by the People’s Bank of China, accounts for nearly all transaction volume flowing through the platform. That trend aligns with the rapid domestic rollout of the e-CNY. Official figures indicate that trillions of yuan have already moved through China’s digital currency system, with transaction volumes jumping sharply compared with last year. Beijing has also signaled further incentives, with state media reporting that digital yuan balances will begin earning interest in 2026, a move widely seen as an effort to encourage broader usage. Parallel Rails, Not a Dollar Replacement Analysts caution that mBridge is not designed to dethrone the US dollar outright. Instead, it represents a longer-term strategy to reduce reliance on existing dollar-based payment networks…

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Filed under: News - @ January 18, 2026 12:30 pm