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Digital RMB International Operations Center Launches in Shanghai Amid RWA Market Growth

The center’s opening coincides with U.S. Treasury’s GENIUS legislation start and a $30 billion RWA market cap milestone.

Summary

The Digital RMB International Operations Center has officially commenced operations in Shanghai, aligning with the launch of the GENIUS legislative process by the U.S. Treasury. This week, the real-world asset (RWA) on-chain market cap surpassed $30 billion, with ecosystem participation showing slight recovery. Meanwhile, stablecoin markets continue to exhibit trends of institutional accumulation alongside retail withdrawal.

Terms & Concepts
  • Digital RMB: China’s central bank digital currency (CBDC) designed for digital payments and cross-border financial integration.
  • RWA On-chain Market: Blockchain-based markets that tokenize real-world assets such as commodities, real estate, or securities for on-chain trading and investment.
  • Stablecoin: A cryptocurrency pegged to a stable asset, often the US dollar, to reduce volatility and facilitate digital transactions.