China’s digital yuan operations management center has provided details on two recently released developments: DCEPS, the central bank-side digital yuan system, and the e-CNY SMART Contract framework. According to the explanation, DCEPS is positioned as a comprehensive payment and settlement platform that combines issuance management, retail, wholesale, blockchain-based payments and smart contract services. It also serves as the technical foundation for Shubi Da. The e-CNY SMART Contract framework is designed around digital economy use cases and is built as an open, collaborative smart contract service system with participation from multiple parties. The framework has already been deployed in scenarios including prepaid fund management, supply chain finance, fiscal subsidies, consumer red packets and wage distribution for migrant workers. The center also said the digital yuan was upgraded from cash-type 1.0 to deposit currency-type 2.0 on Jan. 1, 2026. DCEPS and the Shubi Da cross-border settlement integrated service platform are operated by the digital yuan operations management center and the international operations center, respectively.
ChainCatcher reported that China’s digital yuan operations management center has explained two recently released core developments: DCEPS, the central bank-side digital yuan system, and the e-CNY SMART Contract framework.
DCEPS described as an integrated payment and settlement platform
According to the center, DCEPS is a comprehensive payment and settlement platform that brings together issuance management, retail, wholesale, blockchain payment and smart contract services. It also provides the technical foundation for Shubi Da.
Smart contract framework already used in several scenarios
The e-CNY SMART Contract framework is aimed at the needs of the digital economy and is built as an open, collaborative smart contract service system involving multiple participants. It has already been deployed in prepaid fund management, supply chain finance, fiscal subsidies, consumer red packets and wage payments for migrant workers.
Digital yuan moved to version 2.0 on Jan. 1, 2026
The center said the digital yuan was upgraded from cash-type 1.0 to deposit currency-type 2.0 on Jan. 1, 2026. DCEPS and the Shubi Da cross-border settlement integrated service platform are built and operated by the digital yuan operations management center and the international operations center, respectively.
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