“The ‘interoperability’ of the digital yuan with international payment systems and other central bank digital currencies will determine its use abroad.
There is a sense of urgency to promote greater use of the yuan to help China offset threat of worst-case US sanctions that could cut it off from dollar payment system.”
Read the full article @ SCMP:
China’s digital yuan ecosystem must be made to work globally, analysts say
China is set to expand the testing of its new sovereign digital currency later this year or in early 2021, but analysts say the design of its technological platform needs to be made compatible with those of other countries if the digital yuan is to play a role in international transactions.