【Digital Renminbi】🇨🇳's S-level big move has finally been revealed, hailed as a dimensionality reduction attack of fiat currency against ordinary virtual coins.

Starting from January 1st next year, which is tomorrow, it will take effect.
Our Digital Renminbi 2.0 version will officially go live,
Directly upgrading from electronic cash to an amount that can generate income.

Wallet balances can earn interest just like bank deposits,
And the interest is also covered by deposit insurance.

Protecting principal up to 500,000 yuan,
Equivalent to installing a national-level safe for your money.

In contrast, stablecoins like USDT and USDC:

Are like piggy banks,
Not only do they earn no interest, but they can also break easily.

Because laws in various countries explicitly prohibit:
Stablecoins from earning interest.

And the interest generated by their holdings of US Treasury bonds and other pegged assets,
Is all kept by issuers like Tether,
Basically, the spread is earned by middlemen.

Our Digital Renminbi is different:
👉 The interest directly stays with us.

Moreover, the well-worn topic of de-pegging risk, we won't even mention it.

Most importantly:
USDT and other stablecoins are not legally protected domestically.
If the coin disappears or the issuer runs away,
You can only watch in despair.

And that’s not all; the practical skills of Digital Renminbi are fully loaded:
• Ride-hailing
• Grocery shopping at supermarkets
• Pay water and electricity bills
• Medical treatment, schooling
• Even offline payments without internet

More powerful for cross-border use:
• 24/7 nonstop trading
• Connects to the central bank’s currency bridge
• Travel to partner countries without currency exchange
• Save on transaction fees
• Save on exchange rate differences

For enterprises engaging in cross-border trade and transferring funds:
👉 Lower costs, faster到账.

⸻

The most impressive thing is that the timing chosen by the central bank is just too divine.

This wave of Digital Renminbi big moves,
Happens to coincide with the recent appreciation of the RMB,
Which is like a double buff.

Gotta say:
There are truly experts within the central bank.