TechFlow news, on June 13, Shen Jianguang, Chief Economist of JD Group, and Zhu Taihui, Senior Research Director of JD Group, published an article titled "Promoting RMB Internationalization through Offshore RMB Stablecoins" in China Economic Times, hosted by the Development Research Center of the State Council. The article points out that issuing RMB stablecoins is necessary to align with global stablecoin development trends, respond to the United States' new cryptocurrency policies, and accelerate RMB internationalization. Developing offshore RMB stablecoins is an important measure to mitigate uncertainties surrounding the "mBridge" project, without affecting mainland monetary policy control or cross-border capital management.
Development should follow a gradual approach: after accumulating experience and refining mechanisms in Hong Kong, expand progressively from offshore regions to inland free trade zones and ports according to the model of "first offshore, then onshore." This will continuously strengthen support for RMB internationalization. To ensure controllable risks, initial users can be limited to institutional clients and "qualified investors," before gradually opening access to retail users and the general public.
