PetroChina Considers Using Stablecoins for Cross-Border Payments

Jakarta, Pintu News – PetroChina, one of China’s largest energy companies, recently announced in its half-yearly earnings conference that it is considering the use of stablecoins for settlements and cross-border payments.

PetroChina’s CFO, Wang Hua, stated that the company is paying close attention to Hong Kong’s new rules regarding stablecoin licenses and preparing for potential adoption.

Check out the full information in this article!

Advantages of Using Stablecoins

Stablecoins are digital tokens whose value is tied to real-world currencies such as the Hong Kong dollar, US dollar or Chinese yuan. The value of stablecoins remains consistent compared to other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH).

For PetroChina, which conducts a large amount of cross-border energy trade every year, stablecoins can make payments faster, cheaper and more efficient.

Pilot projects in Hong Kong have shown that stablecoin systems can process payments much faster than traditional networks like SWIFT. In some cases, transaction times can be cut to less than 5 seconds.

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Banks in Hong Kong Build an Ecosystem

Along with PetroChina’s announcement, banks in Hong Kong are also moving quickly to build the foundation for the stablecoin ecosystem.

According to Crypto Times, recently, Standard Chartered Bank (Hong Kong) and telecommunications company HKT launched a new venture, Anchorpoint Financial Limited. In addition, HSBC is testing tokenized deposits for businesses, and ZhongAn Bank is also providing storage for stablecoin reserves.

Experts believe that these banks acted early in areas such as reserve storage, licensed issuance, and cross-border payment solutions. These early ventures are seen as the establishment of a full-service system, covering everything from technology to compliance. Companies with real needs, such as PetroChina, will be able to use this system.

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Potential Transformation of Cross-Border Payments

By adopting stablecoins, PetroChina can revolutionize the way cross-border payments are made in the energy industry. Faster transactions and lower costs will not only improve operational efficiency but could also provide a competitive advantage in the global market.

In addition, the transparency offered by the blockchain technology that powers stablecoins ensures security and reliability in transactions. This is especially important in industries that often have to manage high risk and uncertainty.

Conclusion

PetroChina’s use of stablecoins could be an important step in the evolution of digital payments in the energy sector. By keeping up with regulatory and technological developments, PetroChina is not only strengthening its position in the market but also paving the way for further innovation in global trade.

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Reference

• Crypto Times. China’s PetroChina Eyes Stablecoins for Cross-Border Payments. Accessed on September 1, 2025
• Featured Image: Generated by Ai