From Alicia：The boom in #China’s cross-border payment system is here to stay independently of Iran or sanctions
"After 11 years of development, China’s Cross-border Interbank Payment System (#CIPS) has expanded substantially in terms of both institution network and transaction volume. By the end of 2025, CIPS has 1,766 participants who processed ￥180 trillion ($26 trillion) transactions. Although still very minimal compared to the US’s Clearing House Interbank Payment System (CHIPS) which processed $526 trillion transactions in 2025, it’s worth noting that CIPS only has cross-border transactions while CHIPS also includes US’s domestic payments, which makes a big difference.