中国要推出人民币稳定币？一场数字货币的豪赌

Group 1 - The core idea is that China is likely to approve its first RMB stablecoin by the end of the month, which represents a strategic move in the digital currency era, challenging the existing global financial order [1][8] - Stablecoins are digital international payment tools that maintain relative stability by being pegged to currencies like the US dollar, and the introduction of a RMB stablecoin could facilitate direct settlements in cross-border trade, particularly along the Belt and Road Initiative [1][3] - The significance of the RMB stablecoin is highlighted by the ongoing push for a "dollar stablecoin" by the US, which aims to maintain the dollar's dominance in the digital finance era, making it crucial for China to respond to avoid reliance on the dollar in trade with regions like Southeast Asia and Africa [3][7] Group 2 - The global stablecoin market is currently valued at approximately $130 billion, with over 90% being dollar-based, indicating that China is lagging behind in this emerging market [7] - The introduction of a RMB stablecoin could potentially create risks, such as becoming a channel for capital flight and vulnerabilities to cyberattacks, which could undermine international confidence in the currency [5][8] - The International Monetary Fund (IMF) predicts that the share of stablecoins in cross-border payments could double in the next five years, emphasizing the urgency for China to act now to secure its position in the market [7]