On July 8, Jinshi Data reported that China Securities research indicated that stablecoin compliance is accelerating, and asset tokenization is ushering in an "equity era." The global stablecoin regulatory framework is rapidly taking shape, and the current market focus has expanded from cross-border payments to Real World Assets (RWA) tokenization, driven by the core values of liquidity release and improved settlement efficiency. [Shenchao TechFlow]