Does our country need to follow up on 'stablecoins'?
I think Alipay's payment position is already very good; every person's financial transactions are clearly documented. Alipay and WeChat Pay use RMB, and they actually already support transactions in bonds, gold, Bitcoin, stocks, funds, and more.
If I want to do business with someone from Germany, I just need to apply for a monthly transaction limit of 200,000 through WeChat, have the German install WeChat, and we can conduct cross-border transactions. The platform has a corresponding reserve of 200,000, and any transaction is basically just moving money around within the platform.
In addition to RMB, we can also choose to trade in gold, stocks, and so on. However, the prices of these 'currencies' are related to time, and if we want to convert them to RMB, they are also affected by international exchange rates.
