China Economic Times: Using offshore RMB stablecoins to promote RMB internationalization

币界网报道:[China Economic Times: Using offshore RMB stablecoins to promote RMB internationalization] According to the report of Bijie.com, China Economic Times published an article stating that the development of offshore RMB stablecoins is an important means to accelerate the internationalization of RMB, and it is also an important means to mitigate the impact of uncertainty in the development of the "digital currency bridge", and it will not affect the monetary policy regulation and cross-border capital management in the Mainland. In terms of the development rhythm, a gradual model is adopted, and it is gradually promoted from Hong Kong to the free trade zones and free trade ports in the Mainland, so as to continuously strengthen the support for the internationalization of RMB. JD Group Chief Economist Shen Jianguang and JD Group Senior Research Director Zhu Taihui said that stablecoins and encrypted digital currencies have entered a fast growth track. Especially since the second term of US President Trump, he has actively promoted the development of US stablecoins and encrypted digital currencies, which has triggered a re-examination of the development of encrypted digital currencies, especially stablecoins, by countries around the world. For my country, the development of offshore RMB stablecoins is an important means to accelerate the internationalization of RMB, and it is also an important means to mitigate the impact of uncertainty in the development of the "digital currency bridge", and it will not affect the monetary policy regulation and cross-border capital management in the Mainland. An incremental approach will be adopted in the pace of development. After accumulating experience and improving mechanisms in Hong Kong, the model of "first offshore abroad and then offshore within the country" will be followed to gradually promote it from Hong Kong to the free trade zones and free trade ports in the Mainland, thereby continuously strengthening its supporting role in the internationalization of the RMB.

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