China’s digital yuan is accelerating fast — banks have tripled this year from ten to thirty, including major players like Ping An, ready to roll out wallet services. Since April, twenty new operators joined the network, and now digital yuan balances are treated like deposits, earning interest and protected by insurance. With 3.48 billion transactions worth $2.5 trillion already logged by next November, the central bank plans to keep expanding as long as it makes sense.
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