Abstract: “Metaverse” is a virtual digital space parallel to the physical world established under the conditions of new science and technologies. “Metaverse” differs from the traditional Internet in that its behaviors in the space have real connections with the real society. The value exchange provided by currency is an important logical basis to provide cross-space connections. Currently, digital tokens issued for data platform enterprises to settle transactions in the “metaverse” have certain monetary functions such as price identification, payment and settlement, but due to the decentralized issuers and lack of national credit endorsement, digital tokens always face insurmountable defects such as unstable value, inability to regulate and limited scale. Digital Currency Electronic Payment (DCEP), the digital form of RMB, is backed by Chinese national credit, advantageous in advanced digital technology and data market, credible for its recognition and protection of data rights and interests and in line with the currency governance of the metaverse. To determine the standards of currency governance in the metaverse, it is necessary for China to actively participate in international cooperation, to carry out bilateral and multilateral cooperation on digital currency governance in the form of soft law, and to clarify key compliance standards such as supervision and data protection in the issuance and circulation of DCEP. By strengthening the restrictions on the power of the data platform, we can gradually modernize the DCEP governance system and capacity, so as to seize the commanding heights of the “metaverse ”economic development.

Key words: metaverse, digital economy, DCEP, non-fungible token