Wang Xin, Director of the Research Bureau at the People’s Bank of China, emphasized the need to closely monitor stablecoins' impact on the international monetary system and cross-border payments. Speaking at the 2026 Lujiazui Forum, Wang highlighted the importance of ensuring the security, neutrality, and efficiency of global payment systems. He called for enhanced interoperability between central bank and retail payment systems, and advocated for prudent exploration of new payment instruments. Wang also stressed the need to improve regulatory frameworks to support a more inclusive and resilient international payment system, thereby aiding sustainable development and global economic growth.