Digital RMB, Stablecoins, and the Evolving Global Monetary System

Jinse

Release Time:12/11/2025 08:15:57

At the 2025 Financial Street Forum, PBOC Governor Pan Gongsheng outlined plans to strengthen the digital RMB management system. China’s central bank and seven industry groups warned of virtual currency risks and the need for stablecoin oversight. The move ties into broader efforts around CFT, as regulators monitor cross-border flows in liquidity and crypto markets. Digital RMB aims to replace cash without upending the banking system. Meanwhile, mBridge seeks to bypass the dollar and SWIFT in global settlements. The growth of dollar stablecoins, like USDT and USDC, raises regulatory concerns in China and beyond.

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.