As of the end of September, the digital yuan international operations center had received applications from 39 additional domestic and overseas financial institutions seeking access to the "Shubida" cross-border settlement integrated service platform, or CBETS, according to ChainCatcher. The update points to continued onboarding activity around the platform.
ChainCatcher said CBETS supports bilateral connectivity with overseas monetary authority payment systems and fiat digital currency systems. It also allows direct access for overseas financial institutions. The platform’s coverage includes cross-border trade and cross-border personnel exchanges.
No further details were provided in the brief on the identities of the institutions or the timeline for their formal connection to the platform.
As of the end of September, the digital yuan international operations center had added 39 domestic and overseas financial institutions that applied to connect to the "Shubida" cross-border settlement integrated service platform, or CBETS, according to ChainCatcher.
New access applications
The brief said 39 additional institutions had applied for access, covering both domestic and overseas financial institutions.
What the platform supports
CBETS supports bilateral connectivity with overseas monetary authority payment systems and fiat digital currency systems. It also supports direct access for overseas financial institutions and covers cross-border trade and cross-border personnel exchanges.
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