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BitcoinFormer PBOC Chief Warns Stablecoins May Threaten Financial Stability...
Bitcoin

Former PBOC Chief Warns Stablecoins May Threaten Financial Stability in China

Felicity Short
By Felicity Short

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Former PBOC Chief Warns Stablecoins May Threaten Financial Stability in ChinaA former governor of the People’s Bank of China warned against calls for the Chinese government to allow yuan‑based stablecoins, citing potential risks to financial stability. Geopolitical Context and U.S. Stablecoin Bills The former governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, has cautioned against parties urging the Chinese government to allow the […]



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