PANews, July 6 news: The Research Institute of Financial Technology at Renmin University of China published an article (The Rise of Stablecoins: A Catalyst for a New Era of Digital Finance), which points out: For emerging economies like China, the development of stablecoins brings three insights: First, it is necessary to conduct pilot projects in closed scenarios such as cross-border e-commerce, regional trade, and offshore settlement to accumulate experience; second, promote a balance between technology and compliance, strengthen reserve transparency and on-chain security, and facilitate interoperability and mutual recognition between the digital RMB and controllable stablecoins; third, actively participate in global governance mechanisms such as BIS and IMF to jointly promote the formulation of digital finance rules and strive for the interests and voice of more developing countries.