Major Breakthrough in Digital RMB Cross-Border Settlement

The People's Bank of China has officially integrated its digital RMB settlement system with 10 ASEAN and 6 Middle Eastern countries, covering 38% of global trade volume.
Leveraging blockchain technology, cross-border payments now settle in just 7 seconds with a 98% reduction in fees — far outperforming the traditional SWIFT system.
Cross-border RMB transactions in ASEAN have surged by 120%, and several nations have added RMB to their reserves. Globally, 87% of countries have adapted to the digital RMB system, with cumulative cross-border payments exceeding $1.2 trillion.
Experts highlight that digital RMB is accelerating global de-dollarization and reshaping the international financial order, marking the dawn of a "Bretton Woods System 2.0.