CurrenciesUse of e-CNY soars over 800%, driven by government, while US pushes stablecoinsChina is promoting its central bank-led digital yuan, or e-CNY, which has shown strong but largely government-led growth so far. © ReutersLORRETTA CHENFebruary 27, 2026 12:06 JSTHONG KONG -- China is pushing a centralized digital currency in a direct challenge to the U.S.-dominated global monetary system, with analysts watching whether adoption of the digital yuan picks up this year following major milestones in its development.