Bloomberg: China's financial regulatory agencies require brokers and other institutions to stop publishing research on stablecoins or holding seminars promoting stablecoins to avoid unstable situations.

Recently, many WeChat groups discussing stablecoins have been shut down, and there are also many related videos on short video platforms like Douyin, the hype is indeed high, is China going to take action to suppress it?

However, there are currently no relevant official reports in the country, nor has any authoritative media confirmed this, it may be Bloomberg's 'self-interpretation', and while everyone is watching the drama, don't forget to DYOR.