Correct

A Dou's Eight Trigrams. Recently, Zhou Xingchang said: China's retail payments, Alipay, WeChat Pay, and digital yuan are both efficient and inexpensive. Stablecoins have little room to play and may even become speculative tools that can be manipulated and defrauded. This is true even under the regulatory frameworks of the United States, Hong Kong, and Singapore; they cannot cover it. The large-scale use of stablecoins will disrupt stability and weaken national regulatory capabilities. This viewpoint may seem practical in the short term, but is shortsighted and conservative in the long term. The global payment and settlement advantages of stablecoins, which are transparent and efficient, are something traditional finance cannot resist. He has made a conservative error, hasn't he? If the government and regulatory bodies do not understand, they should humbly invite industry professionals like CZ to join the design process. Issuing documents behind closed doors and creating things behind closed doors without execution capability will only lead to greater obsolescence.