China pays closer attention to stablecoins as cross-border role expands

Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerWritten by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerChina pays closer attention to stablecoins as cross-border role expandsLatest NewsPublishedJun 17, 2026A senior PBOC official called for closer monitoring, stronger regulation and international coordination as stablecoins gain importance in global payments.China’s central bank is paying closer attention to stablecoins as privately issued digital currencies take on a potentially larger role in the international monetary system and cross-border payments.Wang Xin, director general of the Research Bureau at the People’s Bank of China (PBOC), urged authorities to closely monitor the impact of stablecoins while improving international coordination and regulation, Chinese news outlet The Paper reported on Wednesday. “We also need to pay attention to several new areas, such as whether stablecoins will play a more important role in cross-border payments, and how regulation, international coordination and cooperation should proceed,” Wang reportedly said, according to a machine translation. He also warned that growing uncertainty and a potential weaponization of payments could disrupt normal cross-border transactions. The remarks reflect growing attention among Chinese regulators to the potential role of stablecoins in cross-border payments and the international monetary system.Related: Chinese court treats Bitcoin as property in 107 BTC memory theft caseWhile Wang advocated for stronger oversight and cautious exploration, he did not endorse stablecoins or announce policy changes. In addition to stablecoins, Wang warned about central bank digital currencies (CBDCs). He said the role of CBDCs in cross-border payments also warrants closer observation, along with improved policy cooperation. China’s stablecoin scrutiny comes amid rapid growthWang’s remarks come months after the PBOC and seven other Chinese agencies banned the unauthorized i…

China pays closer attention to stablecoins as cross-border role expands

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