CNPC Starts Study on Cross-Border Stablecoin Payments

• Lyla Velez
• August 29, 2025
• Business
• 0 Comments

China National Petroleum Corporation (CNPC) has announced a feasibility study on the potential use of stablecoins for cross-border payments. This marks the company’s strategic move towards digital asset utilization in international trade.

The exploration of stablecoin payments by CNPC could reshape international trade finance and offer a new pathway for digital integration.

CNPC’s Strategic Study

CNPC, one of the world’s largest state-owned oil companies, announced plans to explore a feasibility study on the use of stablecoins for cross-border financial transactions. This development coincides with Hong Kong’s finalized stablecoin issuer regulations. Wang Hua, CNPC’s CFO, confirmed that the company is “closely monitoring the Hong Kong Monetary Authority’s plans to issue licenses for stablecoin issuers and is studying the possibility of using stablecoins for cross-border settlement and payment.” This move aligns with China’s broader ambitions to promote the yuan’s international standing through digital assets.

The initiative underscores a potential shift in international trade frameworks, focusing on yuan-backed stablecoins. CNPC’s large trade volume amplifies the possible financial impact, though specifics remain at the feasibility stage. Should CNPC advance to pilot projects, stablecoin liquidity may see substantial activity through Hong Kong’s regulatory environment.

The implications extend to financial and trade sectors, indicating a possible reduction in exchange rate fluctuations commonly associated with traditional settlements. The regulatory context set by the Hong Kong Monetary Authority provides a solid framework for ensuring necessary fiat-backed collateralization and licensing. Mitrade Risk Disclosure Statement.

Experts in the blockchain community are cautiously optimistic about the prospects of stablecoin integration, recognizing the potential for enhanced efficiency in transactions. This reflects a significant step toward modernizing cross-border trade, with stablecoins possibly reducing costs and increasing transaction speed.