Former PBoC Leader Weighs In on Stablecoin Necessity

Despite recent discussions on stablecoin adoption, no official statements from China challenge their global necessity as of August 2025. Former PBoC Governor Zhou Xiaochuan’s comments, though unofficial, suggest the market requires further exploration. While the Chinese regulatory climate has remained silent regarding stablecoins, rapid growth in the market persists. The current expansion is driven by a combination of robust demand and shifting regulatory landscapes.