China Explores Stablecoin Pilot in Free Trade Zones in Response to Global Regulations

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

ETH+0.189%

BANK-2.339%

STABLE+4.99%

Source: Coinmarketcap

Updated: Dec 21 2025

Zhao Zhongxiu's Proposal: Zhao Zhongxiu suggests pilot stablecoin regulations in China's Free Trade Zones, aiming to enhance fintech infrastructure and test stablecoin frameworks without disrupting mainland market stability.
Regulatory Context: The People's Bank of China continues to enforce a crypto ban, while the proposal aligns with global trends in stablecoin regulation, potentially fostering dialogue on digital finance in China.
Market Reactions: There is cautious optimism in the market regarding the proposal, which could lead to the establishment of a stablecoin "whitelist" and a "Cross-Border FinTech Lab" to support digital trade.
Impact of Hong Kong's Ordinance: The upcoming Hong Kong Stablecoin Ordinance, effective August 2025, sets high standards for stablecoin issuance, influencing China's regulatory approach in Free Trade Zones and promoting fintech innovation.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

China Explores Stablecoin Pilot in Free Trade Zones in Response to Global Regulations

About the author

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