TechFlow, September 9 — In the cover story "Opportunities for RMB Internationalization" from issue No. 35 of Caixin Weekly, a source close to Bank of China (Hong Kong) stated that the current moment presents a favorable window for advancing RMB internationalization, with institutions such as Bank of China and China Construction Bank increasing their efforts in promoting RMB internationalization initiatives. Several industry insiders believe that during this era of simultaneous transformation in international trade and the global monetary system, markets are seeking a more stable and diversified currency framework. Amid this backdrop, stablecoins have emerged prominently in the first half of 2025 as a bridge connecting cryptocurrencies with the real economy. This has led some to suggest that piloting offshore RMB stablecoins at this opportune moment could enhance the efficiency of RMB internationalization and offer an alternative to the dollar-dominated system.
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