Yi Gang: As of the end of June, the transaction volume of digital renminbi was 1.8 trillion yuan, and the circulation was about 16.5 billion yuan

Yi Gang, governor of the People's Bank of China, told the 2023 MAS lecture in Singapore that the transaction volume of the digital renminbi was 1.8 trillion yuan by the end of June, and about 120 million wallets had been transferred since the digital renminbi was first launched in January 2022. Approximately 950 million transactions with an average transaction value of approximately $260. In addition, as of the end of June, there were about 16.5 billion digital yuan in circulation, accounting for only 0.16% of China's money supply.