China expands digital yuan reach with its latest giveaway trial in Shanghai

China expands digital yuan reach with its latest giveaway trial in Shanghai

China has increased the reach of the digital yuan with its latest giveaway test in Shanghai, the country’s financial hub. Shanghai airdropped 350,000 “red packets” over the weekend, each containing 55 digital yuan (around $9) and adding up to a total of nearly 20 million yuan ($3 million). This was the highest number of red …

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