PBoC Chief Flags Close Monitoring of Stablecoins' Impact on Global Payment Systems on June 17

According to Huabao News, PBoC research bureau chief Wang Xin stated on June 17 at the Lujiazui Forum that the central bank will closely monitor stablecoins' impact on the international monetary system and cross-border payments. Wang emphasized the need to further strengthen the safety, neutrality, and efficiency of international payment systems, enhance interconnection between central bank payment systems, and prudently explore new payment tools while refining regulatory frameworks to promote more inclusive and resilient cross-border payments supporting sustainable development.
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