Industry Insider: Digital Yuan Pilot Gradually Transitions to New Stage of In-Depth Application and Ecosystem Building

From daily consumption to cross-border trade, from smart contracts to government financial services... the digital yuan is integrating into the "capillaries" of China's economy at an unprecedented pace. This innovative practice of a legal digital currency continues to reshape the payment system, enhance transaction efficiency, and inject new momentum into the real economy.

Recently, multiple branches of the central bank have intensively held work meetings for the second half of 2025. While summarizing the achievements of the first half of the year, they have also listed the pilot and application expansion of the digital yuan as a key focus for the second half. Additionally, in implementation plans for the financial sector issued by various local governments, the innovation and deployment of the digital yuan have also become a priority.

Some industry analysts point out that the digital yuan pilot has gradually transitioned from the earlier stages of infrastructure construction and scenario expansion to a new phase of in-depth application and ecosystem building. "In the future, the digital yuan will focus more on key areas such as cross-border payments, industrial internet, and government and livelihood services, promoting the emergence of innovative applications like smart contracts, hard wallets, and cross-border settlements, achieving a strategic shift from 'scenario broadening' to 'scenario deepening,'" the analyst stated.