China’s Digital Finance Evolves with Stablecoin Research from Renmin University

Hong Kong’s stablecoin legislation has set a global benchmark, influencing China and other nearby economies. This shift is expected to increase the credibility of digital currencies and marketing opportunities for financial institutions in the region.

Insights from the Coincu research team indicate potential increases in cross-border liquidity and market stability as China boosts digital finance efforts. This highlights a positive trajectory in global stablecoin adaptation and financial technology innovations.

Renmin University Advocates China’s Active Role in Digital Regulation

The article, titled “The Rise of Stablecoins: Catalyst for the New Era of Digital Finance,” provides three strategic recommendations. First, accumulate experience through pilot projects in areas like cross-border e-commerce. Second, ensure compliance by enhancing reserve transparency and security. Finally, actively engage in global financial governance through BIS and IMF participation.

Hong Kong’s stablecoin legislation has set a global benchmark, influencing China and other nearby economies. This shift is expected to increase the credibility of digital currencies and marketing opportunities for financial institutions in the region.

Hong Kong’s Stablecoins Ordinance marks the world’s first official legislation targeting stablecoins, setting a policy benchmark globally. — Song Ke, Executive Vice-President, Shenzhen Research Institute, Renmin University of China

Insights into China’s Strategy from Historical and Market Data

Did you know? The stablecoin legislation in Hong Kong mirrors aspects of both European and U.S. regulations, indicating a growing trend of international standardization in the digital finance landscape.

According to CoinMarketCap data, Tether USDt (USDT) is priced at $1.00, with a market cap of formatNumber(158639404847, 2), reflecting approximately 4.77% market dominance. While the 24-hour trading volume is down 34.89% at formatNumber(35733568953, 2), crypto enthusiasts watch closely as the market updates at 10:20 UTC, July 6, 2025.

Insights from the Coincu research team indicate potential increases in cross-border liquidity and market stability as China boosts digital finance efforts. This highlights a positive trajectory in global stablecoin adaptation and financial technology innovations.