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Chinese Yuan Gains Traction in International Payments Amid Dollar Weakness

Chinese Yuan Gains Traction in International Payments Amid Dollar Weakness

Author:

Global Cryptocurrency

Published:

2025-11-17 16:17:01

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BTCCSquare news:

The Chinese yuan is making significant strides as an international payment currency, with cross-border transactions surging 35 trillion yuan in the first half of 2025. This represents a 14% increase in usage, positioning the yuan as a growing rival to the US dollar.

Non-Chinese clients are driving adoption, with countries like Pakistan, Thailand, and Saudi Arabia leading renminbi-based transactions. Competitive interest rates and Belt & Road Initiative partnerships are accelerating this trend.

Corporate adoption is rising, evidenced by Sieyuan Electric reporting 10% of orders now settled in yuan. The currency's momentum reflects broader shifts in global trade dynamics as dollar dominance wanes.

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