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Central Bank monetary policy committee member Huang Yiping: Hong Kong can explore the issuance of offshore RMB stablecoin.
Gate News bot message, Huang Yiping, Dean of the National School of Development at Peking University and member of the Monetary Policy Committee of the People's Bank of China, stated in an interview with Yicai that virtual assets, digital assets, and traditional financial assets will coexist and integrate with each other for a long period of time, and digital assets have become the main development trend.
Huang Yiping pointed out that due to the incomplete opening of the capital account, implementing stablecoins within China faces significant obstacles. He suggested that issuing a stablecoin pegged to the offshore renminbi in Hong Kong is a possible direction.