$CFX

Everyone is talking about China's narrative, so is there a possibility of stablecoins in China?
Stablecoins will definitely be important players in future cross-border payments and online investments. The times will push you forward. Mainland China is not considering whether to participate in stablecoins but thinking about how to participate and how to regulate. Once involved in stablecoins, you cannot avoid the TreeGraph public chain. First, it is a native public chain in China, making regulation easier; second, TreeGraph has the capability to support various projects.
Why is virtual currency regulation so strict now? Are they afraid you'll be scammed? Are they afraid you'll invest? No, none of that. The only fear is capital flight. Therefore, mainland China will definitely issue stablecoins on designated public chains and exchanges. First, by purchasing stablecoins with real-name verification and monitoring addresses; second, by strictly controlling cross-chain transactions. If you want to invest, you can do so on my chain, on my exchange, with Hong Kong, US stocks, and various RWA projects. But if you want to escape, sorry, unauthorized cross-chain transactions will be directly locked; if you need to do cross-border transfers for foreign trade, you can do so through the proper channels, just like traditional cross-border remittances.
The path of a Renminbi stablecoin will definitely be followed, and TreeGraph public chain will be used, with the same strict regulation.