Offshore Yuan Closes at 6.6928 per Dollar, Up 12 Pips

A 12-pip move is noise, not signal; the more telling figure is the $45.3 billion session volume, which points to active two-way positioning rather than a directional bet on the yuan. For RWA and cross-border crypto markets, the relevant question is whether offshore and onshore pricing stay this tightly aligned, since a persistent gap historically drives hedging demand and complicates tokenized asset settlement. Whether this volume level persists is the open question.