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Caixin: Timely promotion of offshore RMB stablecoin pilot may enhance RMB internationalization efficiency
Summary: In a recent report, Caixin highlighted the opportunities for RMB internationalization, with sources close to Bank of China Hong Kong stating that now is a prime window for promoting RMB internationalization. Chinese banks such as Bank of China and China Construction Bank have intensified efforts to promote RMB internationalization. In an era of significant changes ...
In a recent report, Caixin highlighted the opportunities for RMB internationalization, with sources close to Bank of China Hong Kong stating that now is a prime window for promoting RMB internationalization. Chinese banks such as Bank of China and China Construction Bank have intensified efforts to promote RMB internationalization. In an era of significant changes in international trade and monetary systems, the market is looking for a more stable and diverse currency system. Stablecoins, serving as a bridge between cryptocurrencies and the real world, are expected to rise in the first half of 2025. Some believe that timely promotion of offshore RMB stablecoin pilots at this time may enhance the efficiency of RMB internationalization, providing an alternative to the US dollar system.
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Link: Caixin: Timely promotion of offshore RMB stablecoin pilot may enhance RMB internationalization efficiency [Copy]
