cross-border payments

2 articles · newest first

Illustration of a person holding a phone with a digital coin connected to a global network

China's Digital Yuan and mBridge: The CBDC Story, Explained (2026)

China built the world's most advanced central bank digital currency and a cross-border rail that could route around the dollar. A hype-free explainer on the e-CNY, mBridge, and why the 'BRICS beats SWIFT' headline needs an asterisk.

Cipher · Sep 22 · 8 min

Web3

17 huge banks just went live on a blockchain. and no, it's got nothing to do with crypto

HSBC, UBS, Citi and 14 others are now moving 'tokenized deposits' on a Swift-built ledger. it's not a coin, it's not public, and it might quietly matter more than any crypto headline this year.

Cipher · Jul 16 · 6 min