Chinese Regulator Discusses Stablecoins Amid Bitcoin Surge

On July 10, 2025, the Shanghai State-owned Assets Supervision and Administration Commission (SASAC), which of China, met to debate stablecoins and digital assets. The conference is held as Bitcoin rises over the mark of $118,000, promising a change in China-longstanding policy towards cryptocurrencies. The meeting between 60-70 officials is a welcome shift in the country whose crypto policy has been historically strict. China continued to stay hardline, and in 2021 it prohibited trading and mining. Nonetheless, this latest debate will imply that China is increasingly becoming receptive of engaging in regulated crypto systems.

Stablecoins and Global Finance

Such stablecoins as Tether (USDT) and USD Coin (USDC) are quickly becoming popular in the realm of world finance. The emergence of stablecoins is an element of a general trend towards growing institutional curiosity towards digital assets.

The reasons that China expressed interest in stablecoins might relate to their features that allow carrying out cross-border transactions. The fact that this meeting comes at the time when Bitcoin and other cryptocurrencies have gained popularity, indicates that China could be beginning to take a U-turn on its isolationist strategy towards the digital currencies.

Regulatory Evolution and Global Trends

The China meeting is also in line with a trend of regulatory movement across the world. Such countries as Switzerland have introduced crypto-friendly laws. A total of 14.4 billion USD found their way to Bitcoin ETFs in the U.S. through July 2025.

In case China chooses to control stablecoins and digital assets, this would be similar to the tendency in other market economies. The recognition would go a long way into affecting the global crypto market, especially by supplementing the institution adoption.