China's digital yuan, also known as e-CNY or e-RMB, is a leading innovation among central bank digital currencies worldwide but has not yet seen widespread adoption despite its advanced development stage.

It represents only a small fraction of the money supply in China, and its international usage has been limited.

The digital yuan's narrative encompasses its origins, usage in China, readiness influenced by platforms like Alipay, international implications, and its potential impact on the US dollar.

Discussions also involve its role in BRICS nations' de-dollarisation efforts, its relationship with the SWIFT payment system amid sanctions, and the mBridge initiative.

Furthermore, debates revolve around surveillance capabilities, geopolitical implications, and American politicians' calls for its prohibition.