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6Institutional TransitionNewJun 14, 2026

China Develops Digital Payments System to Challenge US Dollar Dominance

China announced the development of a digital payments system explicitly designed to challenge US dollar dominance in international transactions.

Story timeline · 3 days

  1. Jun 17, 20267
    China 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.

  2. Jun 16, 20267
    Digital 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.

  3. Jun 14, 20266· this story
    China Develops Digital Payments System to Challenge US Dollar Dominance

Sources · 1