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Insider: It is recommended that the national-level public chain be led by state-owned enterprises for construction News Flash 2025-08-02 19:06
BlockBeats news, on August 2, according to Caixin, an insider stated in an interview related to stablecoins that our country currently does not have a globally influential public chain. Another insider suggested that the national-level backbone public chain should be led by state-owned enterprises, while the construction of industry-level public chains can open up market competition.
One insider stated: "Public chains are the infrastructure for stablecoin issuance, which is significant and indispensable for us to build a controllable, secure, and efficient financial infrastructure system in the digital financial era."
A person familiar with the policy said: "Stablecoins must be issued on public chains, and 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-U.S. confrontation in the future, and we could be 'choked'."
"Next, we need to strengthen investment in public blockchains (i.e., public chains), which should be controllable and built in layers. For example, the national-level backbone public chain should be led by state-owned enterprises, the construction of industry-level public chains can open market competition, and the construction of scenario-level public chains should be entirely market competition," suggested another insider.
Insider: It is recommended that the national-level public chain be led by state-owned enterprises for construction News Flash 2025-08-02 19:06
BlockBeats news, on August 2, according to Caixin, an insider stated in an interview related to stablecoins that our country currently does not have a globally influential public chain. Another insider suggested that the national-level backbone public chain should be led by state-owned enterprises, while the construction of industry-level public chains can open up market competition.
One insider stated: "Public chains are the infrastructure for stablecoin issuance, which is significant and indispensable for us to build a controllable, secure, and efficient financial infrastructure system in the digital financial era."
A person familiar with the policy said: "Stablecoins must be issued on public chains, and 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-U.S. confrontation in the future, and we could be 'choked'."
"Next, we need to strengthen investment in public blockchains (i.e., public chains), which should be controllable and built in layers. For example, the national-level backbone public chain should be led by state-owned enterprises, the construction of industry-level public chains can open market competition, and the construction of scenario-level public chains should be entirely market competition," suggested another insider.
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