Digital Yuan Goes Global: CIPS 2.0 Sparks Shift in Cross-Border Payments

China’s Cross-Border Interbank Payment System (CIPS 2.0), powered by the digital yuan, reportedly went live across 16 countries in Asia and the Middle East. Financial analyst Eric Yeung shared details of what he describes as the opening salvo in a “bloodless currency war” that could fundamentally challenge dollar hegemony. According to Yeung, the system’s inaugural […] The post Digital Yuan Goes Global: CIPS 2.0 Sparks Shift in Cross-Border Payments appeared first on Coin Edition.