On September 26, the People's Bank of China established a "Digital Renminbi Operation Center" in Shanghai, focusing on cross-border payments, Blockchain services, and digital asset platforms, echoing the recent discussions on stablecoin policies in China.
The People's Bank reveals eight major measures, and state media calls for accelerating the development of stablecoins.
On June 18, at the "2025 Lujiazui Forum," the President of the People's Bank of China, Pan Gongsheng, proposed eight major measures to promote the development of the digital renminbi (e-CNY). Among them, it was clearly mentioned that a digital renminbi operation center should be established, emphasizing the vision of a "multipolar" currency system, allowing multiple currencies to jointly support the global economy.
Subsequently, on June 23, the Chinese state media "Securities Times" published an article urging China to "quickly" develop a stablecoin pegged to the renminbi, paving the way for future cross-border payments and international applications.
( The People's Bank of China promotes the digital renminbi, Governor Pan Gongsheng hinted: traditional payment