According to Deep Tide TechFlow news, on June 21, Li Yang, a member of the Chinese Academy of Social Sciences and chairman of the National Financial and Development Laboratory, stated that the United States is promoting stablecoin legislation to strengthen the position of the US dollar, modernize payments, and create new demand for US Treasuries. Stablecoins are essentially an extension of the US dollar on-chain. In the face of this trend, China should firmly promote the internationalization of the renminbi and adapt to the integration trend of stablecoins and TradFi, promoting the complementary development of renminbi stablecoins and Central Bank Digital Currency. Li Yang suggested making full use of Hong Kong's advantages to develop offshore renminbi stablecoins and build controllable international payment channels.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Cabbage2022vip
· 06-21 06:50
Steadfast HODL💎
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)