Expert: To adapt to the stablecoin trend and actively promote the internationalization of the RMB.

The wave of stablecoins is sweeping across the world and has become an important issue that every country urgently needs to address. Allowing stablecoins to develop in an unregulated manner on the periphery of regulation will have a negative impact on the domestic financial system, and giving up an efficient settlement tool will also miss out on new opportunities for currency globalization. For China, which is actively promoting the internationalization of the Renminbi, actively regulating stablecoins and accelerating the internationalization of the Renminbi may be a better solution. Experts and industry insiders generally believe that as an emerging payment tool, the unique advantages and potential risks of stablecoins cannot be ignored, and the development of Renminbi stablecoins "should be sooner rather than later." Based on the "dual-track advancement" of digital Renminbi and offshore Renminbi stablecoins, it may be a new path for the internationalization of the Renminbi in the changing times.