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China’s Digital Yuan Goes Global: PBOC Sets 2026 Cross-Border Expansion Plan
China’s Digital Yuan Goes Global: PBOC Sets 2026 Cross-Border Expansion Plan
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BTCCSquare news:
The People’s Bank of China (PBOC) has unveiled aggressive plans to internationalize its digital yuan by 2026, following successful cross-border pilots in Laos. Governor Pan Gongsheng confirmed the central bank will upgrade infrastructure for RMB-denominated trade settlements while incentivizing foreign institutions to adopt the currency.
Key to the strategy is leveraging existing currency swap lines between central banks. The PBOC will promote panda bond issuance and integrate the digital yuan into global payment rails—a direct challenge to dollar hegemony. This follows January’s policy conference where China prioritized CBDC innovation as part of its financial sovereignty push.
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