The chairman of HashKey Group proposed a plan for the integration of the renminbi stablecoin with CBDC.

Gate News bot news, HashKey Group Chairman Xiao Feng recently proposed suggestions on the integration of the RMB stablecoin and Central Bank Digital Currency (CBDC). He pointed out that licensed stablecoin issuers can establish CBDC accounts to create a two-tiered architecture system. This structure integrates the Central Bank’s technological research and development achievements in the field of CBDC on one hand, and fully utilizes market resources on the other hand. Under this architecture, CBDC is positioned as a wholesale-level digital currency, while the RMB stablecoin focuses on retail and cross-border payment areas.

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