China Explores Regulation for Offshore RMB Stablecoins – Coincu

On June 23, China intensified its focus on regulating offshore RMB stablecoins in a move to enhance the RMB’s international status.

China’s decision to regulate stablecoins could reshape its financial strategy, with the RMB poised for broader international adoption amid rising global demands.

China Targets Global Financial Strategy with RMB Stablecoin Regulation

China is addressing the global stablecoin waves, aiming to strengthen the RMB through regulatory measures. Evidence suggests that properly regulating stablecoins can strengthen China’s financial standing and promote efficient currency tools.

Officials argue against an unregulated rise in stablecoins, which might weaken financial structures. Control over RMB stablecoins is pivotal for wider adoption and global presence.

Highlighted during the Lujiazui Forum, industry experts, including Zhu Taihui, urge swift regulation for offshore RMB stablecoins. Pan Gongsheng, Governor of the People’s Bank of China, stated, “Emerging technologies like blockchain have fueled the rapid development of central bank digital currencies and stablecoins, fundamentally reshaping payment and settlement systems.” Lujiazui Forum, June 2025.

Stablecoin Market Growth and China’s Regulatory Influence

Did you know? Major financial hubs, like Hong Kong, are piloting stablecoin use-cases, reflecting regulatory models similar to the US NYDFS and EU MiCA’s frameworks.

The stablecoin market cap exceeded $250 million globally. USD Coin remains stable, priced at $1.00, with a slight 24-hour change of -0.13%, as reported by CoinMarketCap. Its market cap is $61.31 billion, maintaining a dominance of 1.97%.

Insights from Coincu suggest that RMB stablecoin regulation provides added monetary resilience, potentially enhancing China’s influence in global finance. Historical precedent indicates increased regulatory frameworks globally stimulate digital asset markets.