according to Hong Kong Wen Wei Po, Fan Wenzhong, Deputy Director of the Chinese Academy of Social Sciences in Beijing and Executive Director of the China Finance Society, wrote an article titled "Steadily Promoting the Coordinated Innovation of Digital RMB and Hong Kong Stablecoins," which pointed out: Central bank digital currencies (CBDCs) represented by the digital RMB (e-CNY) and new payment tools represented by Hong Kong-compliant stablecoins are reshaping the new paradigm of cross-border payments through different paths.Through the coordination of digital RMB and Hong Kong stablecoins, the cross-border coverage of digital RMB can be rapidly expanded, the stickiness of RMB usage in real trade can be enhanced, and the internationalization of RMB can be promoted; the status of Hong Kong as an international financial center can be strengthened, creating the world's first "CBDC + compliant stablecoin" integrated hub. The cross-border payment solution of dual currency coordination does not pursue complete unification of the underlying ledgers of digital RMB and stablecoins, but achieves secure exchange and circulation at the value level between the two through the establishment of regulated, standardized interaction interfaces.