Offshore RMB Stablecoin: A New Force Reshaping the Global Payment Landscape

The global monetary system is undergoing a significant transformation. A new payment revolution centered around sovereignty, compliance, and efficiency is quietly unfolding.

Recently, at a Web3 development conference held in Shanghai, the founder of AnchorX elaborated on the practice and development trends of offshore RMB stablecoin. With the continuous rise in cross-border payment demand and the gradual clarification of regulatory frameworks in various countries, offshore RMB stablecoin has ushered in a critical development opportunity.

From Hong Kong to Central Asia, and then to the countries along the "Belt and Road" initiative, AnchorX is building a digital modern Silk Road. This is not only a commercial innovation but also a strategic layout for the diversification of the global currency system.

Reflections on Cryptocurrency in the Context of Traditional Finance

The founder of AnchorX was exposed to cryptocurrencies while working at a well-known investment institution in his early years, developing a strong interest in this field. With nearly two decades of financial and investment experience, he keenly sensed that stablecoins could become the next significant opportunity.

As the "infrastructure" connecting traditional finance and the crypto world, stablecoins are expected to improve cross-border payment efficiency and reduce settlement costs. However, to truly take off, "compliance" will be the decisive factor.

In this context, the policy direction of Hong Kong has become crucial. As an international financial center, Hong Kong boasts a recognized regulatory environment while retaining more operational space for financial innovation. At the end of 2023, relevant departments in Hong Kong jointly released a stablecoin regulatory consultation document, laying the foundation for policy advancement.

The rapid development of AnchorX is attributed to the dual support from traditional finance and the blockchain industry. Its strategic partners provide the company with resources, business synergy, and technical assurance.

The Real Development Path of Stablecoins

In the context of the rapidly changing global regulatory environment, AnchorX has chosen a pragmatic compliance path. The founder stated that it is precisely because of the advancement of regulatory frameworks in various countries that the stablecoin industry has the opportunity to develop in a more standardized and scaled manner.

Starting from Kazakhstan

At the beginning of 2025, AnchorX took the lead in expanding overseas. In May, Kazakhstan's financial regulatory authority officially approved AnchorX to carry out a license for pegged offshore RMB stablecoin, marking the first official license related to stablecoins issued in the country.

This layout is highly compatible with the "Belt and Road" initiative. Kazakhstan is one of China's most important economic and trade partners in Central Asia. AnchorX's business subsequently extends to the five Central Asian countries, providing stablecoin solutions for cross-border settlement scenarios in the relevant regions.

rooted in Hong Kong

As the world's largest offshore Renminbi trading center, Hong Kong is the focus of AnchorX's long-term strategy. The company has maintained close communication with the Hong Kong Monetary Authority and plans to submit a formal stablecoin license application.

The founder believes that Hong Kong, as an international financial center, has shown a relatively open attitude towards Web 3.0 and is at the forefront globally. This environment is a boon for entrepreneurs. However, the development of the industry still requires continuous improvement of regulations to release more possibilities for market-oriented exploration within a compliant framework.

Restructuring Cross-Border Payments: The Advantages of Offshore Renminbi Stablecoins

AnchorX aims to provide compliant and efficient cross-border payment options for enterprises going abroad through a stablecoin payment system, challenging the long-standing dominance of traditional financial systems and USD stablecoins.

seconds-level arrival, breaking through SWIFT limitations

Compared to the traditional SWIFT system, stablecoins show significant advantages in cross-border settlement efficiency. SWIFT is essentially an information flow system, where information flow and capital flow are separate, and it often takes 3-6 days for a fund to arrive.

Based on a blockchain technology architecture, AnchorX's stablecoin solution can achieve near-instant cross-border settlement. Settlement speed reaches the second level, usually completing confirmation within one minute, with a significant improvement in efficiency.

Reduce exchange costs, suitable for enterprises to "go abroad"

Compared to the US dollar stablecoin, the offshore RMB stablecoin better meets the actual needs of Chinese companies' global expansion. Many Chinese companies still have their cost centers in China when promoting overseas operations. Using the US dollar means that they ultimately still need to exchange back to offshore RMB, incurring an additional foreign exchange loss.

A stablecoin directly pegged to the offshore renminbi can simplify this process, reduce a round of exchange rate losses, and bring substantial savings to enterprises.

Outlook on the Era of Multidimensional Stablecoins

Regarding the global stablecoin landscape, the founder of AnchorX believes that while US dollar stablecoins currently dominate, this singular pattern will not persist in the long term.

In the future, if sovereign currencies are mapped in some form to stablecoins, the international monetary system is likely to center around several important sovereign currencies, moving towards a multipolar balance structure. The share of the euro, the renminbi, and especially offshore renminbi in the stablecoin market will gradually increase.

This trend has already been reflected at the regulatory level. Several countries and regions are incorporating digital currencies into their regulatory frameworks, clearing obstacles for the growth of non-US dollar stablecoins.

Taking offshore renminbi as an example, its share in the SWIFT payment system is currently about 5%. If the stablecoin market size reaches $2 trillion in the future, the potential space for offshore renminbi stablecoin could be as high as hundreds of billions of dollars.

AnchorX's goal is not only to become a stablecoin issuer but also to build an international payment network based on offshore RMB. The company hopes to use Hong Kong, the world's largest offshore RMB settlement center, as a base to support outbound enterprises in more efficiently connecting with countries along the "Belt and Road".

Conclusion: The Eastern Narrative of the New Order of Digital Currency

The power landscape of digital currency is being restructured. Regulatory actions around the world outline the underlying logic of reshuffling the monetary system. This is not disruption, but diversity. A market space of "hundreds of billions" is sufficient to accommodate multiple independent ecosystems not dependent on the dollar system.

In this global competition centered around technology, regulation, and currency, enterprises facing the international market are transforming from rule adaptors to practitioners, participants, and co-builders of innovative technological solutions. The curtain may be quietly rising on the era of multipolar stablecoins.