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The Chinese city plans to trade $300 billion worth of digital yuan by 2023

The Chinese city of Suzhou has come up with a new strategy to promote the adoption of the digital yuan, with the goal of promoting a currency exchange worth $297 billion by 2023.

Municipal officials achieved this by conducting digital yuan transactions between citizens and businesses on both sides. It is expected to grow sixfold in value and process approximately $30 billion in loans to small and medium-sized businesses from 2023.

SourceFinbold

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