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Economics1h 16m ago

The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the international monetary system and global payment networks.

Lujiazui, China

Who
Wang Xin, director-general of the Research Bureau of the People’s Bank of China (PBOC)
What
The People’s Bank of China said stablecoins could play a larger role in cross-border payments and called for closer monitoring of their impact on the international monetary system and global payment networks.
When
Wed, 17 Jun 2026 09:22:21 GMT · 1h 16m ago
Where
Lujiazui, China ·
Why
Policymakers are paying close attention to how stablecoins could affect the international monetary system and cross-border payment networks.
The Frontline Impact

How this affects you

The PBOC's focus on stablecoins in cross-border payments signals potential future regulatory shifts and increased international cooperation, impacting global financial systems and payment infrastructure. It also highlights China's cautious but observing approach to new payment technologies amid existing cryptocurrency restrictions.

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