Deputy Director of Beijing Academy of Social Sciences: Digital RMB and Hong Kong Compliant Stablecoins Are Reshaping the Cross-Border Payment Paradigm from Different Paths

Techub News reported, according to Wen Wei Po, Fan Wenzhong, Vice President of the Beijing Academy of Social Sciences and Executive Director of the Chinese Finance Society, published an article stating that CBDCs, represented by the digital yuan, and new payment instruments, represented by Hong Kong's compliant stablecoins, are reshaping the paradigm of cross-border payments from different paths. He indicated that through the synergy between the digital yuan and Hong Kong stablecoins, the cross-border coverage of the digital yuan can be expanded, its usage stickiness in real trade enhanced, and while strengthening Hong Kong's status as an international financial center, exploring the creation of a "CBDC + compliant stablecoin" fusion hub. This dual-currency synergy scheme does not pursue complete unification of the underlying ledgers but achieves secure value exchange and circulation through regulated, standardized interaction interfaces.