Mu Changchun: Multilateral Central Bank Digital Currency Bridge Reaches Nearly 500 Billion Yuan in Cumulative Transactions

CoinFeed June 26 news, according to Caijing Magazine, Mu Changchun, Director of the Digital Currency Research Institute of the People's Bank of China, delivered a speech titled 'Central Bank Digital Currency Reshapes Cross-Border Payments' at the 2026 Summer Davos Forum. He said that new variables have emerged in the international monetary system, with stablecoins and various cryptocurrencies developing rapidly, and the global cross-border payment system is moving into a new stage of development. Mu Changchun revealed that since the mBridge successfully entered the continuous real transaction operation phase in June 2024, as of the end of 2025, the platform's cumulative transaction volume amounted to nearly 500 billion yuan. Its ultimate goal is to develop into a new financial market infrastructure (FMI) jointly built by central banks and participated by financial institutions under a multilateral governance and equal and mutually beneficial model.