Digital RMB & Yuan Stablecoins: The Future of Global Payments

China’s digital RMB has solidified its position as a strategic instrument in global trade, processing over $7.3 trillion in 1H25 across 29 cities in China. The People’s Bank of China has expanded the digital RMB’s reach to 16 countries in Asia and the Middle East, enabling nearly 38% of trade to potentially bypass traditional USD and SWIFT channels. Additionally, RMB liquidity is becoming increasingly accessible worldwide, supported by 40+ bilateral currency swap agreements. Driven by these factors, the digital RMB market is projected to grow at a 25% CAGR through 2033, while yuan-backed stablecoins are emerging to enhance cross-border settlement efficiency. Together, these developments position China’s currency as a transformative force in digital finance, international trade, and global payments.