Chinese digital currency-related stocks experienced gains on Monday, despite a general market decline, as China continues to promote its digital yuan. The official use of the central bank's digital currency has expanded to other regions, and the city of Changshu will begin paying state sector employees in digital yuan starting in May. This move is expected to increase the use of digital money and help promote the virtual currency. Some experts believe that the rise of the digital yuan could accelerate the decline of the US dollar as the world's reserve currency, as China seeks to employ it for trade on a global scale. The use of the digital yuan is also seen as a way to protect individuals' privacy and to restrict the use of the yuan outside of China.

(By Shraddha Sharma)