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

Foresight News According to Foresight News, the Institute of Financial Technology of Renmin University of China wrote an article "The Rise of Stablecoins: A Catalyst of 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 accumulate experience in closed scenarios such as cross-border e-commerce, regional trade and offshore settlement; second, we should promote the equal emphasis on technology and compliance, strengthen reserve transparency and on-chain security, and promote the mutual communication and 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 voices of developing countries.
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