[Coin World] Renmin University of China's Financial Technology Research Institute published an article titled "The Rise of Stablecoins: A Catalyst for the New Era of Digital Finance," which points out that for emerging economies like China, the development of stablecoins brings three insights: First, pilot projects should be carried out in closed scenarios such as cross-border e-commerce, regional trade, and offshore settlements to accumulate experience; Second, it is essential to promote a balance between technology and Uyumluluk, strengthen reserve transparency and on-chain security, and facilitate interoperability and mutual recognition between the digital yuan and controllable stablecoins; Third, actively participate in global governance mechanisms such as BIS and IMF, jointly promote the formulation of digital financial regulations, and strive for the interests and voice of more developing countries.