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Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB


by Peter Mwangi
for CoinEdition

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China Eyes RMB Stablecoins to Boost Belt and Road Payments
  • Chinese firms may adopt RMB stablecoins to manage Belt and Road currency risks.
  • Digital RMB could unify enterprise stablecoins and boost international trade adoption.
  • Hong Kong’s stablecoin law positions it as a hub for RMB digital asset expansion.

Chinese enterprises involved in Belt and Road investments may soon adopt RMB-denominated stablecoins to reduce exposure to volatile local currencies, a move that could accelerate the internationalization of the digital RMB. Recent remarks from Liu Jing, chief economist for Greater China at HSBC Global Investment Research, indicate that the convergence of enterprise stablecoin issuance, the digital RMB, and Hong Kong’s new stablecoin framework could reshape cross-border financial flows.

Liu noted that companies investing in emerging market countries often face sudden shifts in local currencies. Without practical hedging tools, these fluctuations raise operational and financial risks. To address this, several large state-owned enterprises have signaled interest in issuing RMB-based stablecoins as payment instruments for overseas projects.

Such stablecoins would allow Chinese firms to manage currency volatility…

The post Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB appeared first on Coin Edition.

Read the article at CoinEdition

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Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB


by Peter Mwangi
for CoinEdition

Share:

China Eyes RMB Stablecoins to Boost Belt and Road Payments
  • Chinese firms may adopt RMB stablecoins to manage Belt and Road currency risks.
  • Digital RMB could unify enterprise stablecoins and boost international trade adoption.
  • Hong Kong’s stablecoin law positions it as a hub for RMB digital asset expansion.

Chinese enterprises involved in Belt and Road investments may soon adopt RMB-denominated stablecoins to reduce exposure to volatile local currencies, a move that could accelerate the internationalization of the digital RMB. Recent remarks from Liu Jing, chief economist for Greater China at HSBC Global Investment Research, indicate that the convergence of enterprise stablecoin issuance, the digital RMB, and Hong Kong’s new stablecoin framework could reshape cross-border financial flows.

Liu noted that companies investing in emerging market countries often face sudden shifts in local currencies. Without practical hedging tools, these fluctuations raise operational and financial risks. To address this, several large state-owned enterprises have signaled interest in issuing RMB-based stablecoins as payment instruments for overseas projects.

Such stablecoins would allow Chinese firms to manage currency volatility…

The post Chinese Firms Eye RMB Stablecoins for Projects, Boosting the Use of Digital RMB appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Share:

In This News

Share:

Read More

Report: China’s Central Bank Leads New Crackdown on Crypto, Stablecoins and Offshore Tokens

Report: China’s Central Bank Leads New Crackdown on Crypto, Stablecoins and Offshore Tokens

China has doubled down on its hardline crypto stance, issuing a fresh multi-agency di...
Did Tether and Circle’s $3 billion token minting spree protect Bitcoin from losing $60k?

Did Tether and Circle’s $3 billion token minting spree protect Bitcoin from losing $60k?

The crypto market has entered a fragile phase as Bitcoin dropped under the critical $...