Stablecoins & CBDC

ECB - Vol.9 No.13 July 6, 202 6 The Shift in China's CBDC (Digital Yuan) (Jan 2026)

China's PBOC repositioned the digital yuan in January 2026 from digital cash to interest-bearing digital deposits held as commercial bank liabilities. The shift aims to improve bank incentives and could expand use in corporate and cross-border RMB payments.

Topics: payments, stablecoins, tokenization, regulation, policy

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