Will a heavyweight RMB stablecoin debut for the first time?
Finance cites Reuters news
Several informed sources revealed that China is considering allowing the launch of a RMB-backed stablecoin for the first time to further promote the internationalization of the RMB.
It is reported that the State Council of China will review and possibly approve a roadmap later this month:
Goal: Expand the use of RMB in global markets
Benchmark: Keep pace with the United States' progress in the stablecoin field
Content: Clarify the stage goals for RMB internationalization, the division of responsibilities among domestic regulatory agencies, and relevant risk prevention guidelines
Sources pointed out that as dollar-pegged stablecoins continue to gain influence in global finance, Beijing believes:
Financial innovation, especially stablecoins, is expected to become an important tool for the RMB's move towards internationalization.