July 23, 2024
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Blockchain News

Chinese Yuan Surpasses US Dollar in Cross-Border Payments: Goldman Sachs Report

As reported by banking giant Goldman Sachs, the Chinese yuan has achieved a significant milestone by surpassing the US dollar in China’s cross-border payments for the first time in history. According to data from China’s State Administration of Foreign Exchange (SAFE), the yuan’s share of cross-border settlements reached an all-time high in March, primarily driven

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