Chinese investors have injected over $188 million into digital yuan-related stocks after the People's Bank of China announced that digital yuan wallets will now earn interest. This policy shift is seen as a strategic move to enhance the digital yuan's attractiveness, with pilot wallet features supporting offline payments and new loan programs launching. However, authorities warn about fraud risks as scammers exploit the new interest benefits, while China pushes aggressively to strengthen and internationalize its CBDC amid global competition.
