Securities Times: Adapting to the wave of stablecoins and taking the initiative to promote the internationalization of the renminbi

The Securities Times pointed out in an article that the wave of stablecoins is sweeping across the globe and has become an important issue that countries urgently need to address - allowing stablecoins to develop in a disorderly manner on the periphery of regulation will have a negative impact on their own financial system, and giving up an efficient settlement tool will miss out on new opportunities for currency globalization. For China, which is actively enhancing the internationalization status of the renminbi, actively regulating stablecoins and taking advantage of the situation to accelerate the internationalization of the renminbi may be a better solution. Experts and industry insiders interviewed by reporters generally believe that as an emerging payment tool, the unique advantages and potential risks of stablecoins cannot be ignored, and the development of RMB stablecoins should be done "sooner rather than later". Based on the "dual track" integration of digital RMB and offshore RMB stablecoins to participate in international monetary system competition, or a new path for RMB internationalization under the changing times.