China Onboards 26 Global Institutions to Its New Digital Yuan Cross-Border Payment Network

The 26 institutions are Chinese bank branches located in Brazil, Qatar, Thailand, Hong Kong, and Macau, plus Chinas branch of Standard Chartered, and will join PBOCs Cross-border e-CNY Transfer Services (CBETS). The move seeks to increase adoption of the digital yuans institutional cross-border payments. China Intensifies Global Digital Yuan Push With New Institutional Partners China []