[Zhi Media Express] On July 10th, Yang Tao from the Chinese Academy of Social Sciences suggested that the RMB stablecoin adopt a domestic and offshore collaborative model. He proposed establishing an issuing institution (CNYC) in the Shanghai Free Trade Zone or minting stablecoins on-chain, issuing offshore stablecoins (CNHC) in Hong Kong, and emphasized strict risk control and accelerated legislation to enhance global discourse power. https://t.co/3uXK9UyGEV