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 Digital renminbi is de-dollarizing USD. Jeng3x

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kleren
post May 16 2025, 10:45 AM

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Found below articles...most probably Bharat sharing fake news

Fake news? China links CBDC payments to 10 ASEAN, 6 Middle eastern countries. April 11, 2025
by Ledger Insights

here’s a news report circulating that China announced it had linked its digital RMB cross border payment system to ten ASEAN countries and six Middle Eastern jurisdictions. We have not been able to trace this to a reliable source, so it may be fake news. However, the substance of the report is not a million miles from the facts. It’s likely jumping the gun by a few years.

China is a member of mBridge, a cross border payments joint venture using central bank digital currency (CBDC). The Chinese end of any payments uses its digital RMB CBDC, but mBridge does not belong to China. Other member countries include Hong Kong, Thailand, the UAE and Saudi Arabia. As of late last year there were a couple of dozen observers. If one counts the observers (which is a big leap) then it would have covered five ASEAN countries and six Middle Eastern ones.

Sos cili pedas

 

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