Caixin: Digital RMB wallet balances will accrue interest starting January 1, 2026

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On December 29, Caixin reported that the Digital RMB will undergo an upgrade to its scheme. Starting January 1, 2026, wallet balances will accrue interest. Without changing the dual-layer operational structure, digital RMB operated by banking institutions will move from off-balance sheet to on-balance sheet, shifting from 100% reserve requirements to partial reserves; non-bank payment institutions will implement 100% digital RMB margin deposits. Banking institutions will pay interest on real-name digital RMB wallet balances for customers, adhere to self-regulatory pricing agreements for deposit interest rates, and independently manage asset-liability operations for digital RMB wallet balances. Deposit insurance will lawfully provide security equivalent to that of deposits. For non-bank payment institutions, digital RMB margins are indistinguishable from customer reserve funds.

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