TechFlow, October 15 — According to Zijing News, Xiao Cheng, a member of the China Futures Association's Strategic Development Committee, published an article titled "A Preliminary Exploration of Using Stablecoins to Promote Internationalization of the Futures Market," pointing out that stablecoins will profoundly transform cross-border payments in China's futures market. Leveraging blockchain technology can maximize the expansion of clearing platforms and improve clearing efficiency, enabling direct peer-to-peer payment and settlement between payers and recipients.
Xiao Cheng noted that stablecoins present a significant opportunity to enhance the global influence of China's futures and derivatives markets, serving as a key vehicle for achieving efficient and secure cross-border settlements during the internationalization process. He suggested leveraging the geographical advantages of Guangzhou Futures Exchange and Guangzhou Nansha Free Trade Zone with Hong Kong, combined with new energy products already launched or to be launched by the exchange, to pilot and promote RMB-based stablecoins within the Nansha Free Trade Zone. He called for early introduction of regulatory rules governing specific futures and derivatives trading using RMB stablecoins, while advancing pilot measures for on-chain trading and actively researching the feasibility of integrating stablecoins with commodity asset structures.
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