According to the governor of China's central bank, Yi Gang, the digital yuan has been used for transactions worth almost $250 billion since the start of its pilot program a year and a half ago. As of the end of June, the central bank digital currency had transacted 1.8 trillion yuan, with around 950 million transactions from 120 million wallets. However, the adoption of the digital yuan is still minimal relative to China's population, and only represents 0.16% of the country's monetary supply. The digital yuan has mostly been used for domestic retail payments, with a few trials in Hong Kong.