According to data from the State Administration of Foreign Exchange, the proportion of RMB used by individuals and entities in cross-border transactions in March reached 54.3%, with a total transaction value of $724.9 billion. This represents a significant increase from the 41.4% of USD used for overseas settlements by Chinese individuals and institutions, which is significantly lower than the 70%+ seen during the early days of Trump's first term in 2018. The data suggests that China's RMB is becoming increasingly popular for cross-border transactions, with the yuan's share of global foreign exchange transactions growing steadily in recent years. This trend is expected to continue as China's economy continues to grow and become more integrated into the global economy.