Yuan – DIGIT INFO

Bank of China Survey Reveals 95% of Overseas Businesses Will Sustain or Increase Yuan Use

DIGIT — Sun, 14 Jun 2026 09:30:40 +0000

The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold yuan deposits grew to a five-year high, supported by the currency’s “relatively stable purchasing power.” Confidence in The Chinese Yuan Surges: 95% of Overseas Firms Expect to Increase […]

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China’s Yuan Settlements Jump to $214B in March as Russia, Iran Accelerate Dollar Exit

DIGIT — Wed, 13 May 2026 22:25:31 +0000

Russia and Iran are accelerating their move away from the U.S. dollar and toward the Chinese yuan as Western sanctions and geopolitical pressures deepen, according to a new report. The Rise of the Petroyuan The global financial landscape is undergoing a tectonic shift as the conflict between the West and a growing coalition of sanctioned […]

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Report: China Yuan Stablecoin Could Arrive in 3 to 5 Years, Circle CEO Says

DIGIT — Thu, 16 Apr 2026 13:09:59 +0000

Circle CEO Jeremy Allaire told Reuters on Thursday that a yuan-backed stablecoin represents a “tremendous opportunity” for China as currency competition shifts onto blockchain infrastructure. Key Takeaways: Circle CEO Jeremy Allaire predicted China could launch a yuan-backed stablecoin within 3 to 5 years. USDC grew 72% year-on-year to $75.3 billion by end-2025, boosted by U.S.-Iran […]

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Petroyuan Rising: Deutsche Bank Analysis Flags Iran War as Turning Point for US Dollar Dominance

DIGIT — Thu, 26 Mar 2026 00:33:50 +0000

Deutsche Bank warned this week that Iran’s move to condition oil tanker passage through the Strait of Hormuz on payments in Chinese yuan could accelerate the erosion of the decades-old petrodollar system and push global energy trade closer to a yuan-denominated future. Chinese Yuan Could Replace Dollar in Hormuz Oil Trade as Iran Conflict Deepens, […]

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Trump Effect: Yuan Continues Free Fall as Tariff Threats Grow

DIGIT — Thu, 05 Dec 2024 09:30:20 +0000

The tariff threats from President-Elect Trump against countries with issues with the U.S. are negatively affecting these nations’ currencies. The Chinese yuan has experienced a continuous decline, causing it to hit its lowest price in the last 15 months. Trump Tariff Threats Take Chinese Yuan to 15-Month Low The election victory of President-Elect Trump is […]

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JPMorgan’s Bold Call: Why Carry Trades May Be Facing Their Final Days

DIGIT — Mon, 21 Oct 2024 23:46:17 +0000

A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate hikes, while the Swiss franc carries potential bullish risks. JPMorgan suggests rethinking strategies as carry trade returns are expected to diminish […]

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Russia-China Trade Grows Despite Global Challenges, Putin Highlights

DIGIT — Wed, 02 Oct 2024 08:30:03 +0000

Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade despite international challenges. Putin also highlighted the significance of their cooperation in multilateral organizations, showing the strategic alignment between the two […]

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US License Expiration Imperils Russia-China Trade in Chinese Yuan

DIGIT — Sat, 28 Sep 2024 23:31:46 +0000

A U.S. license allowing transactions with key players in Russia’s financial system expires on Oct. 12. This could make it harder and more expensive for Russian businesses to trade with China in yuan. The yuan is currently the most traded foreign currency in Russia after Western sanctions and Russia’s de-dollarization efforts. Chinese banks are wary […]

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Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System

DIGIT — Tue, 20 Aug 2024 17:46:09 +0000

Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national currencies (rubles and yuan) due to the risks associated with executing these using “unfriendly” currencies. Russian Finance […]

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Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan

DIGIT — Mon, 08 Jul 2024 00:33:28 +0000

Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of national currencies for mutual settlements,” Putin stated, adding that over 80% of commercial transactions between Russia and the People’s Republic of China […]

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