Offshore RMB Stablecoins Seen as Key to Boosting RMB Internationalization

09/09/2025 11:46

Offshore RMB stablecoins are being viewed as a significant opportunity to advance the internationalization of the Renminbi, according to a recent Caixin report. Industry insiders highlight the current period as a crucial window for this development, with major Chinese banks like Bank of China and China Construction Bank expanding their involvement in related sectors. As global trade and monetary systems undergo significant changes, stablecoins are expected to grow rapidly in 2025, potentially offering an alternative to the US dollar system and enhancing RMB internationalization.

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