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Renmin University Institute of Financial Technology: Promoting Interconnection and Mutual Recognition of Controllable Stablecoins and Digital RMB
Summary: According to reports, the Renmin University Institute of Financial Technology in China published a paper titled 'The Rise of Stablecoins: Catalyst for a New Era of Digital Finance,' pointing out three insights brought by the development of stablecoins for emerging economies like China: first, accumulate experience in closed scenarios such as cross-border e-commerce, regional trade, ...
According to reports, the Renmin University Institute of Financial Technology in China published a paper titled 'The Rise of Stablecoins: Catalyst for a New Era of Digital Finance,' pointing out three insights brought by the development of stablecoins for emerging economies like China: first, accumulate experience in closed scenarios such as cross-border e-commerce, regional trade, and offshore settlements; second, promote a balance between technology and compliance, strengthen reserve transparency and on-chain security, and promote the interconnection and mutual recognition of digital RMB and controllable stablecoins; third, actively participate in global governance mechanisms such as the BIS and IMF, jointly promote the formulation of digital financial rules, and strive for the interests and voice of more developing countries.
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Link: Renmin University Institute of Financial Technology: Promoting Interconnection and Mutual Recognition of Controllable Stablecoins and Digital RMB [Copy]
