🇨🇳 LATEST: China’s former central bank governor Zhou Xiaochuan warns against stablecoin adoption, warning they could undermine financial stability, per Bloomberg. Zhou argues China’s existing retail payment systems are already "highly efficient and low-cost”.

🇨🇳 LATEST: China’s former central bank governor Zhou Xiaochuan warns against stablecoin adoption, warning they could undermine financial stability, per Bloomberg.

Zhou argues China’s existing retail payment systems are already "highly efficient and low-cost”. pic.twitter.com/dKbDAr0E5r

— Cointelegraph (@Cointelegraph) August 28, 2025