央行：数字人民币升级2.0版，2026年起钱包余额可计付利息

Core Viewpoint - The digital renminbi is transitioning from "digital cash" to "digital deposit currency," allowing it to generate interest and participate in credit cycles, thus evolving into a complete financial infrastructure [1][3]. Group 1: Transition to Digital Deposit Currency - The digital renminbi will now be classified as a liability of commercial banks, allowing users to enjoy deposit insurance and earn interest, marking a shift from a mere payment tool to a value storage function [3]. - This change respects financial principles, as cash cannot earn interest due to its anonymity, while deposits can participate in economic cycles through bank credit [3]. Group 2: Hybrid Architecture - The digital renminbi features a "mixed architecture" that combines the advantages of an account system with the transparency and programmability of blockchain technology [4]. - This dual approach allows for practical solutions without blindly pursuing decentralization, focusing on real-world issues such as cross-border payments [5]. Group 3: Internationalization Efforts - As of November 2025, the digital renminbi has processed cross-border payments totaling 387.2 billion yuan, with a 95.3% share in the mBridge multilateral central bank digital currency platform [6]. - The Shanghai International Digital Renminbi Operations Center, launched in September 2025, aims to address the inefficiencies of traditional SWIFT systems through its "digital currency bridge" platform [6]. Group 4: Balancing Efficiency and Security - The upgrade of the digital renminbi faces challenges in balancing anonymous payments with anti-money laundering measures, offline transactions with system security, and technological advancements with risk prevention [7]. - The exploration of the digital renminbi transcends technical aspects, aiming to demonstrate that digital currencies can enhance traditional finance without necessarily disrupting it, potentially influencing the future of the global financial order [7].