Standard Chartered Leads in Global Integration of China’s CBDC Yuan

Multinational banking powerhouse Standard Chartered is spearheading the integration of China’s CBDC into the global financial system. Through collaboration with City Bank Clearing Services, Standard Chartered’s Chinese division now offers exchange services, encompassing recharge and redemption functions for the digital Yuan. Standard Chartered’s commitment to digital innovation facilitates broader accessibility and interaction with China’s CBDC on a global scale. Source: Crypto.news