Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023

The city of Suzhou, in China, hopes its residents and local firms will transact a cumulative total of around $297 billion worth of the central bank’s digital yuan token this year. Per Shanghai Securities News, the city – one of the most populous and wealthiest in China – has unveiled a new plan for its digtal yuan adoption drive. The plan includes a range of goals that it hopes to meet by 2025.... Read More: Chinese City of Suzhou Aims to Transact $297bn Worth of Digital Yuan in 2023