Digital Yuan cross-border settlement cooperation continues to expand, with 39 new institutions applying to join.

TechFlow reports that on October 1, according to Xinhua News Agency, the Digital RMB International Operation Center stated that following the signing of the initial 26 financial institutions, by the end of September, another 39 domestic and overseas financial institutions have submitted applications to connect as direct participants to the CBETS cross-border settlement comprehensive service platform.

Since the beginning of this year, the Digital RMB International Operation Center has continuously optimized CBETS services and expanded its cooperation scope. It supports bilateral connectivity with payment systems of overseas monetary authorities and digital fiat currency systems, and also facilitates direct access for overseas financial institutions.

Powered by the CBETS platform, digital RMB cross-border services currently cover trade scenarios and can also be utilized for cross-border movement of personnel.