ChainCatcher news, Yi Gang, the Governor of the People's Bank of China, stated at the 2023 MAS Lecture held in Singapore that as of the end of June, the transaction volume of the digital renminbi reached 1.8 trillion yuan, with approximately 16.5 billion digital renminbi in circulation, accounting for only 0.16% of China's money supply. Since the digital renminbi was first launched in January 2022, about 120 million wallets have conducted approximately 950 million transactions, with an average transaction amount of around 260 USD.

ChainCatcher news, according to Hebei News Network, in accordance with the deployment requirements of the provincial and municipal "Digital Renminbi Pilot Work Implementation Plan," the Finance Bureau of Baoding City, Hebei Province, is actively promoting the application of digital renminbi in the field of financial funds. The city's Finance Bureau, in collaboration with the local Financial Regulatory Bureau and the Baoding branch of China Construction Bank, took the lead in implementing the digital renminbi salary payment for fiscal budget units at the end of May, making it the first in the province. (source link)

ChainCatcher news, according to the Sunday Mail, the Reserve Bank of Zimbabwe will launch a gold-backed digital currency as the legal tender for transactions in the country, as part of measures to stabilize the local currency. This will represent the first action by the central bank to use the country's gold reserves to anchor the Zimbabwean dollar.The Zimbabwean monetary authorities envision that the gold-backed digital currency will allow those holding small amounts of Zimbabwean dollars to exchange them for digital currency, enabling value storage and hedging against exchange rate fluctuations. Meanwhile, the Reserve Bank of Zimbabwe is also considering injecting more Mosi-oa-Tunya gold coins into the market to curb the recent depreciation of the Zimbabwean dollar. (source link)

ChainCatcher news, TRON founder Justin Sun tweeted that the Caribbean nation of Dominica has legislated to recognize multiple cryptocurrencies under TRON as the country's legal digital currency, granting them fiat currency status.According to the official "Dominica Cryptocurrency Act," there are 7 TRON tokens listed as legal digital currencies in Dominica, including BTT, JST, NFT, TRX, USDD (TRC-20), USDT (TRC-20), and TUSD (TRC-20). These 7 tokens will be used in all economic activities within Dominica, such as paying taxes, etc. (source link)

Chain Catcher News: The 2022 Digital Economy Development Conference, themed "Building a New Development Pattern with the Digital Economy," was recently held at the National Convention Center. At the conference, the Chaoyang District People's Government signed a strategic cooperation agreement with the Digital Currency Research Institute of the People's Bank of China.In the next step, both parties will fully leverage the role of digital renminbi in empowering the government's digital transformation, promote the accelerated implementation of digital renminbi-related industries and policies in Chaoyang District, and actively explore research and application of related technologies such as legal digital currency and financial technology, enhancing the financial services capability for the real economy. (Source link)