Xiao Feng suggested building a two-tier architecture to connect the RMB stablecoin to the central bank's digital currency system
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币界网报道：Xiao Feng, chairman of HashKey Group, said that it is possible to consider connecting the RMB stablecoin with the central bank digital currency (CBDC) issued by the People's Bank of China to form a two-tier architecture, allowing licensed stablecoin issuers to open CBDC accounts. This architecture can combine the central bank's experience in CBDC research and development with technological achievements while mobilizing market forces. Moreover, making the central bank digital currency a digital currency at the wholesale level and the RMB stablecoin playing a role in the retail and cross-border payment fields will greatly accelerate the internationalization of the RMB.
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