The People's Bank of China: Studying ways to promote the use of digital yuan in cross-border payments.

According to Odaily Odaily, the People's Bank of China (PBOC) released the "2025 RMB Internationalization Report," which details the current progress and future plans for RMB internationalization. The report indicates that five central banks (monetary authorities), including the PBOC, have officially joined the multilateral central bank digital currency bridge. In the outlook section, the PBOC states that it will build an independent and controllable RMB cross-border payment system and study and promote the use of digital RMB in cross-border payments.