Caixin: Timely advancement of offshore RMB stablecoin pilots could enhance the efficiency of RMB internationalization

According to ChainCatcher, the cover story of the 35th issue of Caixin Weekly, "Opportunities for RMB Internationalization," pointed out that a person close to Bank of China (Hong Kong) believes that the current period is an excellent window to promote the internationalization of the RMB. Institutions such as Bank of China and China Construction Bank have all increased their efforts to promote RMB internationalization business.

Several industry insiders believe that in an era of simultaneous upheaval in international trade and the monetary system, the market is looking forward to a more stable and diversified currency system. At the same time, stablecoins, serving as a bridge between cryptocurrencies and the real world, have emerged rapidly in the first half of 2025. Some opinions suggest that if a pilot for offshore RMB stablecoins is launched at this time, it could improve the efficiency of RMB internationalization and provide an alternative to the US dollar system.