cfx increased

China is considering for the first time allowing the use of renminbi-supported stablecoins to enhance the internationalization process of the renminbi. The State Council of China will review and possibly approve a roadmap later this month to promote the use of the renminbi globally, including keeping pace with the U.S. push for stablecoins. They stated that the plan is expected to include usage targets for the renminbi in global markets and outline the responsibilities of domestic regulatory bodies, adding that the roadmap will also include risk prevention guidelines. A source indicated that senior leaders in China are expected to hold a learning meeting as early as the end of this month, focusing on the internationalization of the renminbi and stablecoin issues, which are increasingly gaining attention globally. At this meeting, senior leaders may give speeches to set the tone for stablecoins and clarify their applications and development boundaries in business. Sources said that in the context of the growing influence of cryptocurrencies pegged to the dollar in global finance, Beijing considers financial innovation, particularly stablecoins, as a promising tool for the internationalization of the renminbi. #CFX #比特周周