Stablecoin Adoption Sparks Debate as China Weighs Integration

China’s financial strategy faces a key debate as former Governor Zhou Xiaochuan highlights potential risks from stablecoins. His concerns have gained traction after being shared at a confidential seminar and now published by CF40, a respected think tank involved in the Chinese State Council’s exploration of integrating yuan-linked stablecoins into its financial sector. Zhou’s view challenges the extent to which stablecoin integration will benefit the financial landscape.