Major official announcement! The pilot program for rare earth dedicated Renminbi stablecoin has been launched.

Breaking news! On July 1, 2025, the central meeting approved the launch of the "Rare Earth Special RMB Stablecoin" pilot project, led by China Rare Earth Group, Northern Rare Earth, and other central enterprises, in collaboration with the National Development Bank, Export-Import Bank, and leading commercial banks. The crypto and financial sectors are going to be buzzing!

The operational mechanism is super hardcore.

Using a 1:1 reserve of RMB, and strictly limited to cross-border trade settlement of rare earth and permanent magnet materials and other derivative products, every fund flow is clear. Utilizing blockchain technology to achieve real-time cross-border settlement, it can also connect with digital RMB (e-CNY), forming a closed loop of "offshore (Hong Kong) - onshore (mainland)", maximizing settlement efficiency! Smart contract supervision is even better, embedding "payment upon delivery" clauses, and linking with the rare earth export tracking system, ensuring full transaction transparency and security.

The strategic significance is far-reaching.

China controls 88% of the global rare earth supply chain. By launching this stablecoin, it aims to force overseas buyers to settle via the Chinese yuan stablecoin, breaking the 99.9% on-chain settlement monopoly of US dollar stablecoins (USDT/USDC), allowing the yuan to shine on the international stage. It transforms the demand for rare earth trade into the demand for yuan reserves, which can also be replicated in strategic minerals such as lithium and cobalt in the future, building a yuan settlement network for bulk commodities and aiding the internationalization of the yuan.

Hong Kong and the mainland work together to promote

The "Regulation on the Issuance of Stablecoins" that will take effect in Hong Kong in August 2025 provides an excellent sandbox for experimentation, while the Shanghai Free Trade Zone is also exploring a dual-track model of "domestic offshore + overseas offshore". In particular, starting from August 1, the stablecoin regulatory framework in Hong Kong will enter the statutory supervision phase, giving the green light to the rare earth dedicated Renminbi stablecoin. Moreover, with the "multi-currency anchoring + layered supervision" model, it solidifies Hong Kong's position as a global Web3 and virtual asset hub.
The future has arrived. The emergence of the rare earth dedicated Renminbi stablecoin is not only a major event in the coin circle but also an important signal of change in the global financial landscape. Let's witness history together! #稀土稳定币 #