Odaily Planet Daily reported that the Financial Technology Research Institute of Renmin University of China published an article titled 'The Rise of Stablecoins: A Catalyst for a New Era of Digital Finance', which pointed out that for emerging economies like China, the development of stablecoins brings three insights: first, experience should be accumulated through pilot programs in closed scenarios such as cross-border e-commerce, regional trade, and offshore settlement; second, there should be a dual focus on technology and compliance, enhancing reserve transparency and on-chain security, and promoting interoperability and mutual recognition between the digital renminbi and controllable stablecoins; third, actively participate in global governance mechanisms like the BIS and IMF to jointly promote the formulation of digital finance rules and strive for more benefits and voice for developing countries.