Odaily Planet Daily News: Pan Gongsheng, governor of the central bank, said at the 2025 Lujiazui Forum that new technologies are accelerating their application in the field of cross-border payments. New technologies such as blockchain and distributed ledgers have promoted the vigorous development of the central bank's digital currency stablecoin, realizing the payment and settlement from the bottom to reshape the traditional payment system, greatly shortening the cross-border payment chain, and at the same time posing huge challenges to financial supervision. Technologies such as smart contracts and decentralized finance will also continue to promote the evolution and development of the cross-border payment system. (Jinshi)