PBOC Official Reveals Multi-Central Bank Digital Currency Bridge Hit Nearly 500B Yuan in Cumulative Transactions by End-2025

According to Financial Magazine, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, disclosed at the 2026 Summer Davos Forum that the multi-central bank digital currency bridge has accumulated transaction volume of nearly 500 billion yuan (approximately 68.5 billion USD) as of end-2025. The platform entered real-transaction operations in June 2024. Mu noted the bridge aims to develop into a new type of financial market infrastructure (FMI) under multilateral governance and mutually beneficial cooperation, with participation from central banks and financial institutions.
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