The Academy of Social Sciences report focuses on stablecoins and China's response, and suggests exploring and application through regulatory sandboxes and other methods.

According to Foresight News, the Institute of Finance of the Chinese Academy of Social Sciences released the second quarter of 2025 macro-financial analysis report. The report pointed out that the current uncertainty of the international monetary system is rising, and although the dollar hegemony will not collapse in the short term, the future international monetary system is more likely to show the dual evolution characteristics of "fragmentation" and "diversification". Against this background, China needs to promote the diversification of reserve currencies, enhance the security of foreign exchange reserves, steadily and prudently promote the internationalization of the RMB, attach importance to the global stablecoin development wave, and promote the evolution of the international monetary system toward diversification, fairness and stability.

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