People's Bank of China Monitors the Impact of Stablecoins on International Monetary Systems and Cross-Border Payments

People's Bank of China Official Discusses Cross-Border Payment Challenges

According to Chinese media reports on the 17th, Wang Xin, the Research Director at the People's Bank of China (PBOC), spoke at the '2026 Lujiazui Forum' held in Shanghai. He emphasized the need to enhance the safety, neutrality, and efficiency of the international payment system.

Specifically, he called for stronger interconnectivity between central banks' payment systems and retail payment systems, and addressed the influence of stablecoins on the international monetary system and cross-border payments...