China mBridge CBDC Platform Prepares Commercial Rollout; PBoC Flags Stablecoin Threat
China's mBridge blockchain-based cross-border payment platform, backed by the PBoC, announced preparations for commercial rollout. PBoC official Wang Xin separately stated that central bank authorities must closely monitor the impact of stablecoins on the international monetary system and cross-border payments. Russia announced it will permit USDC to enter its regulated crypto market.
mBridge confirmed preparing for commercial rollout; PBoC official publicly stated stablecoins threaten the international monetary system.
Story timeline · 3 days
- Jun 17, 20267· this storyChina mBridge CBDC Platform Prepares Commercial Rollout; PBoC Flags Stablecoin Threat
mBridge confirmed preparing for commercial rollout; PBoC official publicly stated stablecoins threaten the international monetary system.
- Jun 16, 20267Digital Yuan Signs 26 Direct Participants as CBDC Rail Expands
Digital Yuan International Operation Center signed agreements with 26 direct participants, a concrete expansion milestone beyond the general digital payments system development reported June 14.
- Jun 14, 20266China Develops Digital Payments System to Challenge US Dollar Dominance
Sources · 3
- PBoC’s Wang Xin: Closely Monitor the Impact of Stablecoins on the International Monetary System and Cross-Border Paymentspanewslab.com · T2
- CROWDFUNDINSIDER: mBridge : China backed Blockchain based Cross-Border Payments Platform Prepares for Commercial Rolloutcrowdfundinsider.com · T2
- The Russian government will allow USDC to enter its regulated crypto market.panewslab.com · T2