Insider: Suggests national-level public chains should be led by central state-owned enterprises

According to BlockBeats news on August 2, a person familiar with stablecoin-related interviews indicated that our country currently does not have a globally influential public chain. Another insider suggested that national-level key public chains should be led by central state-owned enterprises, while industry-level public chain construction can allow for market competition.

An insider stated: "Public blockchains are the infrastructure for stablecoin issuance, which is significant and indispensable for us to build a self-controlled, secure, and efficient financial infrastructure system in the digital financial era."

A person familiar with the policy stated: "Stablecoins must be issued on public chains, but the current issue is that, whether in Hong Kong or the mainland, our country does not have a globally influential public chain. If we use American public chains, we may face political risks such as Sino-American confrontations in the future, which could lead to being 'choked' on resources."

"Next, we need to strengthen our investment in public blockchains (i.e., public chains), ensuring self-control and building in layers. For example, national-level key public chains should be led by central state-owned enterprises, while industry-level public chain construction can allow for market competition, and scenario-level public chain construction should be completely market-driven," another insider suggested.