{"id":14606,"date":"2025-10-28T21:51:13","date_gmt":"2025-10-28T21:51:13","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bank-of-china-builds-digital-rmb-international-center\/"},"modified":"2025-10-28T21:51:22","modified_gmt":"2025-10-28T21:51:22","slug":"bank-of-china-builds-digital-rmb-international-center","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bank-of-china-builds-digital-rmb-international-center\/","title":{"rendered":"Bank of China builds digital RMB international center"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The People\u2019s Bank of China has officially established the Digital RMB Operation and Management Center as the nation prepares its digital currency for widespread adoption.<\/p>\n<div id=\"cn-block-summary-block_03d7781e19ac4523a651e6a861490dc1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>China\u2019s central bank will establish a Digital RMB International Operations Center in Beijing, focusing on building cross-border and blockchain infrastructure for the digital yuan, complementing the existing Operations Management Center.<\/li>\n<li>The two centers will form a \u201ctwo-wing\u201d structure, with one driving local infrastructure and sustainable growth, and the other expanding cross-border cooperation for international use.<\/li>\n<li>The move aligns with broader efforts by the Bank of China and the Hong Kong Monetary Authority to promote the yuan\u2019s global presence, including plans for yuan-backed stablecoins and cross-border digital currency systems aimed at challenging the U.S. dollar\u2019s dominance.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to a recent report by Chinese media Capital Finance, the Governor of the central bank Pan Gosheng said that a digital RMB operation and management center will be established in Beijing. The center will be responsible for the construction, operation and maintenance of the digital RMB system.<\/p>\n<p>In addition, the unit will also be promoting the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/mp.weixin.qq.com\/s\/Kskz0e2bfx0YXMwq7sXrSg\" target=\"_blank\" rel=\"nofollow\">development<\/a> of China\u2019s digital currency and assisting in the construction of Beijing\u2019s national financial management center. This marks the second established unit meant to manage the digital RMB, after the Operation Management Center was established last month.<\/p>\n<p>Dubbed the International Operations Center, the unit will focus on building and operating the digital RMB\u2019s cross-border and blockchain infrastructure, while promoting cross-border interconnection with domestic and foreign financial infrastructure.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Meanwhile, the Operations Management Center focuses more on improving domestic infrastructure for the utilization of digital RMB, such as adopting new local technologies, and ensuring long-term growth within the financial system.<\/p>\n<p>Experts believe that the Operations Management Center and the International Operations Center could work together to create a well-organized and cooperative system for the digital yuan. The two units will form a \u201ctwo-wing\u201d structure that supports both local and international development for the digital RMB.<\/p>\n<p>Most recently, the Hong Kong Monetary Authority has been mapping out ways to implement the digital Hong Kong dollar or e-HKD after the project concluded the second phase of its pilot program. The special administrative region plans to prioritize launching the central bank digital currency for institutional clients, as demand mounts for e-HKD specifically for cross-border transactions.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Bank of China bets on RMB-backed tokens<\/h2>\n<p>Based on the recent development\u2019s emphasis on cross-border transactions, it is clear that the Bank of China intends for the digital RMB project to boost global usage of the Renminbi. Just a day prior, the Bank of China <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-27\/china-signals-shift-in-yuan-push-as-pboc-drops-cautious-tone\" target=\"_blank\" rel=\"nofollow\">announced<\/a> that it plans to do more to push the internationalization of the yuan.<\/p>\n<p>The plan includes efforts to expand the currency\u2019s use in global trade and a two-way opening of financial markets in a timely manner to further promote offshore usage of the yuan. Other plans involve establishing Shanghai and Hong Kong as international financial centers, continuing to build a cross-border yuan payment system described as \u201cindependent, controllable with multiple channels and a wide coverage.\u201d<\/p>\n<p>The Bank of China\u2019s new strategy is aligned with Beijing\u2019s initial push for yuan-backed stablecoins as a way to challenge the U.S dollar\u2019s domination on the stablecoin market.<\/p>\n<p>According to JPMorgan\u2019s prediction, the stablecoin market could potentially lift global demand for the U.S. dollar instead of devaluing the fiat currency. The bank predicts that the stablecoin market could generate as much as $1.4 trillion in demand for U.S dollars by 2027.<\/p>\n<p>This comes as no surprise, considering the largest stablecoin on the market is pegged to the U.S dollar. According to data from DeFi Llama, nearly 60% of the total $308.26 billion market value on the stablecoin market comes from Tether\u2019s USDT (USDT).<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The People\u2019s Bank of China has officially established the Digital RMB Operation and Management Center as the nation prepares its digital currency for widespread adoption. Summary China\u2019s central bank will&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14606"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14606\/revisions"}],"predecessor-version":[{"id":14607,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14606\/revisions\/14607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3901"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}