According to Foresight News, the National Natural Science Foundation of China's Management Science Department has opened applications for the third phase of the 2025 emergency management project titled 'Research on Global Stablecoin Risk Governance and Cross-Border Collaborative Regulatory Systems.' The deadline for applications is October 9, 2025, at 16:00 UTC+8. The research period is set for 10 to 12 months, from November 2025 to October 2026.
The project comprises one main topic and five subtopics. The main topic focuses on the evolution trends of global stablecoins, risk transmission, and China's risk governance and strategic response. Subtopic 1 examines the structural evolution of global stablecoins and their impact on the international monetary system. Subtopic 2 investigates the inherent vulnerabilities of stablecoins, risk transmission, and macroprudential management. Subtopic 3 explores the effects of stablecoins on monetary sovereignty and the effectiveness of monetary policy. Subtopic 4 addresses the impact of digital currencies on China's financial intermediary system, including transmission and response strategies. Subtopic 5 studies the regulatory framework for global stablecoins, financial infrastructure, and cross-border collaboration.
The National Natural Science Foundation of China established the Management Science Department's emergency management project in 1997. This initiative primarily funds research that uses scientific methods to address urgent and critical issues in national macro-management and development strategies, as well as 'hot' and 'difficult' problems in economic, technological, and social development practices.