Renmin University of China Financial Technology Research Institute: Promote the mutual recognition of controllable stablecoins and digital RMB

Odaily Planet Daily News Renmin University of China Financial Technology Research Institute wrote an article "The Rise of Stablecoins: Catalyst for the New Era of Digital Finance", which pointed out that for emerging economies such as China, the development of stablecoins brings three inspirations: First, we should first pilot and accumulate experience in closed scenarios such as cross-border e-commerce, regional trade and offshore settlement; second, we should promote both technology and compliance, strengthen reserve transparency and chain security, and promote the mutual recognition of digital RMB and controllable stablecoins; third, we should actively participate in global governance mechanisms such as BIS and IMF, jointly promote the formulation of digital financial rules, and strive for more interests and voice in developing countries.