Shanghai Opens Digital Yuan Center to Expand Cross-Border Payment Systems

China has opened a digital yuan operations center in Shanghai, advancing its central bank digital currency strategy. The hub will manage cross-border payment networks, blockchain services, and digital asset platforms. This initiative reflects Beijing’s plan to internationalize the yuan and diversify global monetary systems. Moreover, it actively seeks to reduce reliance on the US dollar in international trade source: https://beincrypto.com/shanghai-opens-digital-yuan-center-to-expand-cross-border-payment-systems/