Analysis of Coordinated Development of Stablecoin and Digital RMB

Yahan Ke

doi:10.6918/IJOSSER.202511_8(11).0014

Authors

Yahan Ke

DOI:

https://doi.org/10.6918/IJOSSER.202511_8(11).0014

Keywords:

Stablecoin, Digital RMB, Coordinated development

Abstract

At present, under the full promotion of pilot programs of digital RMB and implementation of Hong Kong Stablecoin Ordinance, it is necessary to establish a coordinated monetary system with Chinese characteristics. Based on technical analysis, institutional analysis and cross-border transaction level analysis of dual-currency synergy mechanism, this paper analyzes the possibility of coordinated development of stablecoin and digital RMB. Under the circumstances that stablecoins will conflict with China’s financial risk prevention system, it is recommended that a coordinated mechanism of dual-currency with digital currency as the main body and stablecoin as the supplement should be established. The "Belt and Road" policy should also be used to enhance the international influence of the RMB and construct a new green financial ecology. This coordinated mechanism of dual-currency provides a reference for empowering the development of real economy with digital currency and promoting the construction of infrastructure of digital yuan and stablecoin.

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References

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