Zhongjin, stabilcoin ekonomisini analiz ediyor: Mevcut durum, potansiyel ve RMB dijitalleşme perspektifi.

【Coin World】China International Capital Corporation (CICC) released an economic analysis of stablecoins, which pointed out that from the perspective of holders, stablecoins are private currencies, not government currencies. Digital technology improves payment settlement efficiency, but there is no Merkeziyetsizlik. From the issuer's perspective, the stablecoin model is similar to a "narrow bank," which is not just a liability. The renminbi already has stablecoins: WeChat Pay and Alipay. From an economic mechanism perspective, the platform currencies of third-party payment tools have similar functions to stablecoins. Currently, the user base of stablecoins in regular retail payments is very small, and application scenarios are limited. Third-party payment platforms such as WeChat, Alipay, Apple Pay, and PayPal have already formed network effects and economies of scale, giving them an incumbent first-mover advantage. The growth potential of dollar stablecoins primarily benefits from the international currency status of the dollar, which can in turn promote dollarization. Hong Kong plays a proactive role as a controlled testing ground and regulatory correction field for renminbi stablecoins, which is beneficial for balancing the multidimensional relationship between technological innovation potential and maintaining the public good attributes of payments, financial stability, and national currency sovereignty.