Commercial banks' applications of multilateral central bank digital currency bridges continue to be implemented.

Recently, the Wenzhou Branch of Industrial Bank successfully processed cross-border RMB payment transactions for a local enterprise through a multilateral central bank digital currency bridge. This transaction is not only the first multilateral central bank digital currency bridge cross-border payment transaction in Wenzhou City, but also the largest currency bridge transaction in Zhejiang Province so far. Xue Hongyan, a special researcher at Su, told reporters, "Banks play a core role in technology implementation and scene innovation in the landing of currency bridge projects. On the one hand, banks as direct participants undertake the task of building the underlying technology architecture of currency bridges; on the other hand, banks promote the practical implementation of cross-border payments in various application scenarios such as goods trade and service trade, verify the technical feasibility, and promote currency bridges from theory to practice."