刘晓春：在稳定币浪潮中推动人民币国际化|稳定币监管

Group 1 - The core viewpoint emphasizes the dual nature of stablecoins, highlighting their necessity in modern payment systems while also acknowledging the associated risks, particularly in illegal activities [3][4] - Stablecoins serve as a bridge in payment settlements, ultimately requiring conversion to fiat currency for true value transfer, necessitating regulatory oversight to ensure safety and compliance [4][5] - The impact of foreign stablecoins on national currency sovereignty is significant, with the need for regulations to mitigate potential risks while leveraging stablecoins for enhancing the international influence of sovereign currencies [5][6] Group 2 - The relationship between stablecoins and the internationalization of the Renminbi (RMB) is crucial, with the dominance of USD stablecoins indicating a need for RMB stablecoins to support emerging economic development rather than direct competition [6][8] - The interplay between stablecoins and central bank digital currencies (CBDCs) is highlighted, with stablecoins excelling in cross-border transactions while CBDCs are more suited for domestic applications, suggesting a complementary relationship [7] - Recommendations for the development of RMB stablecoins include a gradual approach, starting with offshore issuance in Hong Kong and expanding to free trade zones, to enhance the use of offshore RMB and facilitate its internationalization [8][9]