PetroChina Embarks on Feasibility Study for Stablecoin Use in Cross-Border Payments

PetroChina, a major Chinese state-owned energy company, is exploring the use of stablecoins for cross-border payments as part of its commitment to digital finance integration. The move comes amidst Hong Kong’s developing stablecoin regulatory environment and aligns with PetroChina’s broader strategy of incorporating digital assets into its existing commodity trading systems.