TechFlow news, September 15 — According to a report by Wu Xiaobo Channel, republished by Caixin, Liu Xingliang, a member of the Ministry of Industry and Information Technology's Expert Committee on Information and Communications Economics, stated that digital RMB is the "national infrastructure," while stablecoins represent the "market-driven front end." Their relationship involves more complementarity than opposition, though competition exists regarding user perception and payment access points. Stablecoins have inherent advantages in cross-border transactions with 24×7 availability and integration with global on-chain liquidity. However, their critical vulnerabilities lie in AML/sanctions compliance and reserve security. Stablecoins are more flexible within native blockchain ecosystems—such as on-chain applications, 24×7 cross-platform clearing and settlement, DeFi, blockchain gaming, and asset tokenization (RWA)—but require strong safeguards to prevent bank runs and spillover of on-chain risks.
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