The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.
Per Jinyun News, via Enorth, city officials claimed that some 302,000 merchants had processed the aforementioned amount in 14.97 million transactions.
The city, a key port on the northeast coast, was added to the pilot in April last year along with Chongqing, Guangzhou, Fuzhou, and Xiamen….
Read More: Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?