据悉中国考虑推出人民币支持的稳定币

Core Viewpoint - China is considering a significant policy shift by reviewing a roadmap for the use of stablecoins linked to the renminbi, aiming to enhance the internationalization of the currency [1][2]. Group 1: Policy and Regulatory Developments - The State Council of China is expected to review and potentially approve a plan to expand the global use of the renminbi, which includes measures to address the development of stablecoins in the U.S. and guidelines for risk prevention [2]. - The potential use case for a renminbi-backed stablecoin includes facilitating cross-border trade and payments with certain countries [2]. Group 2: Market Position and Competition - The entry of China into the stablecoin market could enhance the competitiveness of the renminbi against major global reserve currencies like the U.S. dollar and the euro [3]. - As of June, the renminbi ranks as the sixth most active currency in global payments, accounting for approximately 2.9% of the total global payment volume [3]. Group 3: Stablecoin Market Dynamics - Dollar-backed stablecoins dominate the market, holding nearly 98% of the total market capitalization of stablecoins, which amounts to $288 billion [6]. - The global concern regarding the influence of dollar-backed stablecoins has prompted various jurisdictions, including China, to consider their own stablecoin initiatives [6]. - In June, officials from the People's Bank of China acknowledged the transformative potential of emerging technologies like stablecoins in the global payment system, increasing calls for regulatory approval of renminbi-backed stablecoins [6].