China's adoption rates of its digital yuan have soared since its introduction, but privacy concerns and a gloomy economic outlook may affect its hard-won gains.
Shenzhen-based companies single-handedly accounted for $7.3 million in transaction volumes out of the $22 million made by the four participating countries, according to reports.
A month-long CBDC pilot program involving Hong Kong, Thailand, China, and the United Arab Emirates ends with millions in cross-border and foreign exchange transactions made, signaling a new track for economic growth.
