Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using digital Yuan and Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s