China’s CNPC Examines Stablecoins for Global Payments

CNPC, a major player in the energy sector, is exploring the potential of stablecoins to streamline cross-border payments. The company recently announced it’s conducting a feasibility study on implementing such solutions, driven by the need for faster and more cost-effective international trade settlement. This move aligns with CNPC’s strategy to embrace digital finance tools like blockchain technology for modernization of global financial operations.