Jinan government issues document to explore stablecoins: stability in value, technology, and regulation, with broad applications in cross-border payments.
Powered by ChatGPTThe Jinan Municipal People's Government Research Office published an article titled "What Exactly is the Stablecoin That is Being Discussed Worldwide?", which mentioned that the stability of stablecoins is mainly reflected in three aspects: first, stability in value; second, stability in technology; and third, stability in regulation. Stablecoins have been around for more than ten years, and their uses are wide-ranging. Whether it is the use in the traditional crypto market or the use in the real world, stablecoins are mostly used, that is, the functions of money, including the five major functions of a measure of value, means of payment, means of circulation, means of storage, and world currency. At present, the cross-border payment and settlement function is more widely used. [Foresight News]