Vice President of Beijing Academy of Social Sciences: Steadily promote the collaborative innovation of digital RMB and Hong Kong stablecoins, aiming to achieve secure exchange and circulation at the value level

Deep Tide TechFlow News, January 6th, according to Hong Kong Wen Wei Po, Vice President of the Chinese Academy of Social Sciences and Executive Director of the China Financial Society Fan Wenzhong authored an article titled “Steadily Promoting the Collaborative Innovation of Digital RMB and Hong Kong Stablecoins,” which points out: Central bank digital currencies (CBDC), represented by Digital RMB (e-CNY), and new payment tools represented by compliant stablecoins in Hong Kong are reshaping the new paradigm of cross-border payments through different pathways. Through the collaboration of Digital RMB and Hong Kong stablecoins, the cross-border coverage of Digital RMB can be rapidly expanded, increasing the usage stickiness of RMB in real trade, and promoting RMB internationalization; strengthening Hong Kong’s status as an international financial center, and creating the world’s first integrated hub of “CBDC + compliant stablecoins.” The cross-border payment scheme of dual currencies does not pursue complete unification of the underlying ledgers of Digital RMB and stablecoins, but instead achieves secure exchange and circulation at the value level by establishing regulated, standardized interaction interfaces.