The China CBDC story just got a massive boost. The China-led cross-border platform Bridge has now handled more than $55 billion in transactions.
China’s CBDC has settled over 4,000 cross-border deals, hitting a total value of about $55.5 billion, according to the Atlantic Council in Washington.
Now that’s roughly 2,500 times higher than what we saw back in the early pilot days of 2022.
Central banks from mainland China, Hong Kong, Thailand, the United Arab Emirates, and Saudi Arabia are actively testing it out right now.
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Meanwhile, China’s digital yuan, the e-CNY, makes up an estimated 95% of all the settlement volume flowing through China CBDC on mBridge.
This surge lines up perfectly with how China keeps pushing its domestic China CBDC forward. The latest from the People’s Bank of China reveals the e-CNY has powered more than 3.4 billion transactions totaling around 16.7 trillion yuan (roughly $2.4 trillion).
To put that in perspective, that’s over an 800% rise compared to just 2023 figures.
China CBDC momentum isn’t slowing down anytime soon
Adding even more fuel, China’s central bank rolled out a fresh framework letting commercial banks pay interest on e-CNY wallet balances.
This turns the digital yuan from a simple cash-like tool into something closer to a “digital deposit currency,” opening doors for better value storage and smoother cross-border use alongside everyday payments.
This also makes China CBDC more appealing and integrated into regular banking life.
