Caixin: Timely advancement of offshore RMB stablecoin pilots may improve the efficiency of RMB internationalization

BlockBeats News, September 9th. A cover story in Caixin reported the "Opportunities for RMB Internationalization," pointing out that a source close to Bank of China (Hong Kong) believes that the current period is a great window of opportunity to promote the internationalization of the RMB. Institutions such as Bank of China and China Construction Bank have increased their efforts to promote RMB internationalization. Many industry insiders believe that in an era of simultaneous upheaval in international trade and the monetary system, the market is anticipating a more stable and diversified monetary system. Stablecoins, serving as a bridge between cryptocurrency and the real world, emerged unexpectedly in the first half of 2025. Some opinions suggest that timely advancement of offshore RMB stablecoin pilots at this juncture may enhance the efficiency of RMB internationalization, providing an alternative to the US dollar-dominated system.