Yiyaton Digital RMB Plan: Not yet applied but exploring reserve technology for cross-border settlement

YIYATONG responded today on the interaction platform that the company’s cross-border payment and domestic supply and marketing services have not yet involved digital renminbi payment scenarios, but stated that they will continue to monitor digital renminbi policies and market dynamics, reserve relevant technical adaptation capabilities, and explore the feasibility of its application in scenarios such as cross-border settlement. This reflects the cautious attitude and long-term preparation of supply chain companies toward digital renminbi.

Current Status and Future Planning of the Company

Three-tier attitude clarity

YIYATONG’s response demonstrates three progressive levels from the current situation to the future:

This expression is not simply “not used,” but a strategic, gradual preparation. As a supply chain service provider, YIYATONG’s cross-border payments and domestic supply and marketing involve a large number of transactions. Once digital renminbi policies and scenarios mature, the company needs to have the ability to quickly adapt.

Why focus on cross-border settlement

YIYATONG particularly emphasizes exploring the “cross-border settlement” scenario, which is very meaningful. Current pain points in cross-border payments include:

• High exchange costs and long settlement cycles
• Multiple intermediate links and insufficient transaction transparency
• Exchange rate risks and policy risks coexist
• Poor economic viability for small transactions

The potential advantages of digital renminbi in cross-border settlement include direct settlement, reduced intermediate links, and increased transparency. For supply chain companies, this means opportunities for cost optimization and efficiency improvement.

Industry Background and Company Choice

Pace of digital renminbi promotion

Digital renminbi has been in pilot programs and gradually expanding its application scope for several years. The current features are: clear policy support, increasing pilot cities, and gradually enriching payment scenarios, but its application in the cross-border settlement field is still in the exploration stage.

The cautious attitude of companies is reasonable. YIYATONG is not rushing to announce application but states that it is making technical reserves, which indicates:

• The company is evaluating the actual value of digital renminbi for its own business
• Relevant policies and standards are still being improved
• Reserving technical capabilities is the most pragmatic choice at present

The particularity of supply chain companies

Companies like YIYATONG involved in supply chain management deal with both domestic and cross-border payments. In China, digital renminbi has a certain foundation. In the cross-border field, application is more difficult, requiring international coordination, policy synergy, and technological interconnection. This also explains why companies particularly emphasize “exploring cross-border settlement applications.”

Summary

YIYATONG’s response reflects the current real stage of digital renminbi application: policy support and technical preparation have already started, but large-scale application scenarios are still forming. Companies are not passively waiting but actively reserving capabilities. This attitude is typical for enterprises involved in supply chains, cross-border e-commerce, and other transactions. If policies and technological frameworks for digital renminbi in cross-border settlement further improve in the future, companies like YIYATONG that have already made preparations will have the advantage of rapid entry.