Chinese Academy of Social Sciences report focuses on stablecoins and China's response, suggests exploring applications through regulatory sandboxes and other methods

According to Wall Street Insights, the Institute of Finance of the Chinese Academy of Social Sciences released the Macro Financial Analysis Report for the second quarter of 2025. The report points out that the uncertainty of the current international monetary system is rising. Although the dollar hegemony will not collapse in the short term, the future international monetary system is more likely to show the dual evolution characteristics of "fragmentation" and "diversification". Against this background, China needs to promote the diversification of reserve currencies, enhance the security of foreign exchange reserves, steadily and prudently promote the internationalization of the RMB, attach importance to the development trend of global stablecoins, and promote the evolution of the international monetary system towards diversification, fairness, and stability. [Foresight News]