China Petroleum Studies Stablecoins for Cross-Border Payments

China’s energy giant, China Petroleum, is taking a significant step towards digital financial innovation by exploring the use of stablecoins for cross-border transactions. This strategic move comes in response to Hong Kong’s recent regulatory changes related to stablecoins. announced plans to investigate the feasibility of utilizing stablecoins for international settlements during its semi-annual earnings conference on August 29, 2025.