Odaily Planet Daily news: The National Financial and Development Laboratory's WeChat public account published an article titled 'The Development Model of RMB Stablecoin Can Be a Combination of Internal and External'. It pointed out that: Consideration can be given to promoting relevant innovations of RMB stablecoin simultaneously in the Shanghai Free Trade Pilot Zone and Hong Kong. One of the modes for onshore-offshore RMB stablecoin (CNY Coin, CNYC) is to jointly initiate the establishment of an RMB stablecoin issuance institution in the Shanghai Free Trade Zone by clearing organizations, large commercial banks, leading payment institutions, and well-known investment institutions, exploring the on-chain issuance and operation mechanisms of RMB stablecoin; the second mode can rely on some digital RMB operating institutions' branches in the Shanghai Free Trade Zone to directly mint and operate RMB stablecoin on-chain.