TechFlow news, January 6, according to the Hong Kong Wen Wei Po report, Fan Wenzhong, Vice President of the Beijing Academy of Social Sciences and Executive Director of the China Finance Society, authored an article titled "Steadily Promoting the Collaborative Innovation of Digital RMB and Hong Kong Stablecoins," which pointed out: Central bank digital currencies (CBDCs), represented by the digital RMB (e-CNY), and new payment instruments, represented by Hong Kong compliant stablecoins, are reshaping the new paradigm of cross-border payments through different paths. Through the collaboration between the digital RMB and Hong Kong stablecoins, the cross-border coverage of the digital RMB can be rapidly expanded, enhancing the usage stickiness of the RMB in real trade and promoting the internationalization of the RMB; it will also strengthen Hong Kong's status as an international financial center, creating the world's first integrated hub for "CBDC + compliant stablecoins." The cross-border payment solution of dual-currency collaboration does not pursue the complete unification of the underlying ledgers of the digital RMB and stablecoins but achieves secure exchange and circulation at the value level by establishing regulated and standardized interactive interfaces.
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