{"id":10016,"date":"2025-06-20T02:32:24","date_gmt":"2025-06-20T02:32:24","guid":{"rendered":"https:\/\/cryptozen.asia\/vn\/nguoi-quan-sat-kinh-te-cnh-stablecoin-co-the-duoc-thuc-day-qua-ba-giai-doan-dua-tren-kinh-nghiem-tu-du-an-thi-diem-rmb\/"},"modified":"2025-06-20T02:32:24","modified_gmt":"2025-06-20T02:32:24","slug":"nguoi-quan-sat-kinh-te-cnh-stablecoin-co-the-duoc-thuc-day-qua-ba-giai-doan-dua-tren-kinh-nghiem-tu-du-an-thi-diem-rmb","status":"publish","type":"post","link":"https:\/\/cryptozen.asia\/vn\/nguoi-quan-sat-kinh-te-cnh-stablecoin-co-the-duoc-thuc-day-qua-ba-giai-doan-dua-tren-kinh-nghiem-tu-du-an-thi-diem-rmb\/","title":{"rendered":"Ng\u01b0\u1eddi Quan S\u00e1t Kinh T\u1ebf: CNH Stablecoin C\u00f3 Th\u1ec3 \u0110\u01b0\u1ee3c Th\u00fac \u0110\u1ea9y Qua Ba Giai \u0110o\u1ea1n D\u1ef1a Tr\u00ean Kinh Nghi\u1ec7m T\u1eeb D\u1ef1 \u00c1n Th\u00ed \u0110i\u1ec3m RMB"},"content":{"rendered":"<h2>L\u00e0m Th\u1ebf N\u00e0o Th\u1eed Nghi\u1ec7m RMB Stablecoins T\u1ea1i H\u1ed3ng K\u00f4ng C\u00f3 Th\u1ec3 Th\u00e0nh C\u00f4ng<\/h2>\n<p><strong>Ng\u01b0\u1eddi Quan S\u00e1t Kinh T\u1ebf<\/strong> \u0111\u00e3 c\u00f4ng b\u1ed1 m\u1ed9t b\u00e0i vi\u1ebft ch\u1ec9 ra r\u1eb1ng <strong>Quy \u0110\u1ecbnh V\u1ec1 Stablecoin T\u1ea1i H\u1ed3ng K\u00f4ng<\/strong> d\u1ef1 ki\u1ebfn s\u1ebd \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o th\u00e1ng T\u00e1m t\u1edbi. \u0110i\u1ec1u n\u00e0y cho th\u1ea5y vi\u1ec7c th\u1eed nghi\u1ec7m <strong>stablecoin RMB offshore (CNH)<\/strong> \u0111ang \u0111\u1ebfn g\u1ea7n.<\/p>\n<p>D\u1ef1a tr\u00ean kinh nghi\u1ec7m t\u1eeb d\u1ef1 \u00e1n th\u00ed \u0111i\u1ec3m RMB v\u00e0o n\u0103m 2003, vi\u1ec7c th\u1ef1c hi\u1ec7n <strong>CNH stablecoins<\/strong> c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chia th\u00e0nh ba giai \u0111o\u1ea1n:<\/p>\n<h2>C\u00e1c Giai \u0110o\u1ea1n Th\u1ef1c Hi\u1ec7n CNH Stablecoins<\/h2>\n<ol>\n<li>\n        <strong>\u0110\u1ea7u ti\u00ean, giai \u0111o\u1ea1n th\u1eed nghi\u1ec7m sandbox (2025-2026)<\/strong>: C\u00e1c t\u1ed5 ch\u1ee9c c\u00f3 gi\u1ea5y ph\u00e9p t\u1ea1i Trung Qu\u1ed1c s\u1ebd ti\u1ebfn h\u00e0nh th\u1eed nghi\u1ec7m vi\u1ec7c ph\u00e1t h\u00e0nh CNH stablecoins \u0111\u1ec3 s\u1eed d\u1ee5ng trong c\u00e1c t\u00ecnh hu\u1ed1ng th\u01b0\u01a1ng m\u1ea1i t\u1ea1i <strong>Khu V\u1ef1c V\u1ecbnh L\u1edbn<\/strong>.\n    <\/li>\n<li>\n        <strong>Th\u1ee9 hai, giai \u0111o\u1ea1n m\u1edf r\u1ed9ng v\u00f9ng (2026-2027)<\/strong>: Ti\u1ebfp c\u1eadn c\u00e1c d\u1ef1 \u00e1n xuy\u00ean bi\u00ean gi\u1edbi nh\u01b0 <em>mBridge<\/em> (C\u1ea7u Ti\u1ec1n T\u1ec7 K\u1ef9 Thu\u1eadt S\u1ed1 \u0110a Tr\u1eebng \u01afu Trung \u01af\u01a1ng), trong khi th\u00ed \u0111i\u1ec3m c\u00e1c \u1ee9ng d\u1ee5ng li\u00ean quan \u0111\u1ebfn <strong>t\u00e0i s\u1ea3n th\u1ebf gi\u1edbi th\u1ef1c (RWA)<\/strong>, ch\u1eb3ng h\u1ea1n nh\u01b0 <strong>token h\u00f3a tr\u00e1i phi\u1ebfu<\/strong>.\n    <\/li>\n<li>\n        <strong>Th\u1ee9 ba, giai \u0111o\u1ea1n th\u00fac \u0111\u1ea9y to\u00e0n c\u1ea7u (t\u1eeb 2028)<\/strong>: Ph\u1ed1i h\u1ee3p v\u1edbi c\u00e1c t\u1ed5 ch\u1ee9c qu\u1ed1c t\u1ebf nh\u01b0 <strong>Qu\u1ef9 Ti\u1ec1n T\u1ec7 Qu\u1ed1c T\u1ebf (IMF)<\/strong> \u0111\u1ec3 x\u00e2y d\u1ef1ng c\u00e1c ti\u00eau chu\u1ea9n k\u1ef9 thu\u1eadt v\u00e0 quy \u0111\u1ecbnh, \u0111\u1ed3ng th\u1eddi th\u00fac \u0111\u1ea9y CNH stablecoin tr\u1edf th\u00e0nh <strong>c\u00f4ng c\u1ee5 \u0111\u1ecbnh gi\u00e1 h\u00e0ng h\u00f3a khu v\u1ef1c<\/strong>.\n    <\/li>\n<\/ol>\n<blockquote><p>(Ng\u01b0\u1eddi Quan S\u00e1t Kinh T\u1ebf)<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>L\u00e0m Th\u1ebf N\u00e0o Th\u1eed Nghi\u1ec7m RMB Stablecoins T\u1ea1i H\u1ed3ng K\u00f4ng C\u00f3 Th\u1ec3 Th\u00e0nh C\u00f4ng Ng\u01b0\u1eddi Quan S\u00e1t Kinh T\u1ebf \u0111\u00e3 c\u00f4ng b\u1ed1 m\u1ed9t b\u00e0i vi\u1ebft ch\u1ec9 ra r\u1eb1ng Quy \u0110\u1ecbnh V\u1ec1 Stablecoin T\u1ea1i H\u1ed3ng K\u00f4ng d\u1ef1 ki\u1ebfn s\u1ebd \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n v\u00e0o th\u00e1ng T\u00e1m t\u1edbi. \u0110i\u1ec1u n\u00e0y&#8230;<\/p>\n","protected":false},"author":3,"featured_media":10015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[4280,4661,4217,5119],"class_list":["post-10016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","tag-hong-kong","tag-imf","tag-legal","tag-rmb"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ng\u01b0\u1eddi Quan S\u00e1t Kinh T\u1ebf: CNH Stablecoin C\u00f3 Th\u1ec3 \u0110\u01b0\u1ee3c Th\u00fac \u0110\u1ea9y Qua Ba Giai \u0110o\u1ea1n D\u1ef1a Tr\u00ean Kinh Nghi\u1ec7m T\u1eeb D\u1ef1 \u00c1n Th\u00ed \u0110i\u1ec3m RMB - CryptoZen<\/title>\n<meta name=\"description\" content=\"Ng\u01b0\u1eddi Quan S\u00e1t Kinh T\u1ebf 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