PetroChina Invests in Stablecoins for Cross-Border Energy Payments, Ripple Expands RLUSD Reach

China’s energy giant PetroChina is exploring the potential of stablecoins to streamline international transactions, potentially revolutionizing how energy payments are handled. The company is undertaking pilot projects with stablecoins, particularly those backed by China’s digital yuan and Hong Kong dollar, in Shenzhen, demonstrating their feasibility for global settlement. Ripple, a leading firm in stablecoin technology, is expanding its RLUSD stablecoin adoption in Asia through partnerships like the one with Tazapay in Singapore. This move further accelerates the use of stablecoins as an alternative to volatile exchange rates. ]