[Central Bank's Wang Xin: Closely monitoring the impact of stablecoins on the international monetary system and cross-border payments] On the afternoon of June 17, Wang Xin, Director (Chief) of the Research Bureau (Counselor's Office) of the People's Bank of China, spoke at the 2026 Lujiazui Forum during the 'Plenary Session II: Global Financial Governance Reform and Cooperation' regarding the cross-border payment system. He stated that the next step is to further ensure the security, neutrality, and efficiency of the international payment system, strengthen interconnectivity between central bank payment systems and retail payment systems, and prudently and steadily explore the potential of new payment tools. It is crucial to closely monitor the impact of stablecoins on the international monetary system and cross-border payments, improve regulatory rules, and promote a more inclusive, efficient, and resilient international payment system to better support sustainable development and global economic growth. (The Paper)