Macro· ★★★· neutral·

China upgrades digital yuan infrastructure with smart-contract ecosystem framework

  • —Two core components: the central-bank e-CNY system and a smart-contract ecosystem framework
  • —The upgrade covers the full digital yuan infrastructure service system
  • —Announced on October 21
Why it matters: Adding smart-contract capabilities to the e-CNY strengthens its role in payments and could sharpen competition with private stablecoins.
Source: PANews
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