Mu Changchun, the cumulative transaction amount of the multilateral central bank digital currency bridge has reached nearly 500 billion yuan
By: rootdata|2026/06/26 14:42:27
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According to a report by a financial magazine, Mu Changchun, the director of the Digital Currency Research Institute of the People's Bank of China, delivered a speech titled "Central Bank Digital Currency Reshaping Cross-Border Payments" at the 2026 Summer Davos Forum. He stated that new variables have emerged in the international monetary system, with the rapid development of stablecoins and various cryptocurrencies, leading the global cross-border payment system into a new stage of development.
Mu Changchun revealed that since the successful entry of the Currency Bridge into the real transaction operation phase in June 2024, by the end of 2025, the platform's cumulative transaction volume amounted to nearly 500 billion yuan. Its ultimate goal is to develop into a new type of financial market infrastructure (FMI) co-built by central banks and participated in by financial institutions under a multilateral governance and mutually beneficial model.
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