Zou Chuanwei: Exploring Blockchain's Impact on Payment Systems Through Stablecoins and CBDC

Blockchain has had close ties with payment systems since its inception. Satoshi Nakamoto invented blockchain with the hope of creating Bitcoin as a peer-to-peer electronic cash system. Ripple and Circle conducted early attempts at cross-border payments based on blockchain. The Libra project claimed to establish a simple global currency and financial infrastructure empowering billions based on blockchain.