The cross-border central bank digital currency network said the transfers were its largest to date, highlighting continued testing of high-value settlement on state-backed blockchain-style payment rails.
A China-dominated central bank digital currency platform said it processed its largest transactions so far, with two transfers each worth more than $1.7 billion. The update points to growing activity on cross-border CBDC infrastructure, which central banks are testing as a way to move money between jurisdictions faster and with more direct settlement than traditional correspondent banking systems. The statement highlights transaction size rather than broader usage metrics, signaling an effort to demonstrate that the platform can handle large-value payments.