According to Foresight News, the Research Office of Jinan Municipal People's Government issued a document titled "What is the Stablecoin that the Whole World is Discussing?", which mentions: The stability of stablecoins is mainly reflected in 3 aspects: first, stability in value, second, stability in technology, and third, stability in regulation. Stablecoins have been around for over a decade, and their uses are quite extensive, whether in traditional crypto markets or in the real world, primarily utilizing the functions of money, including value measurement, payment means, circulation means, storage means, and world currency functions. Currently, cross-border payment settlement is the most widely applied function.
The current issuers of stablecoins include companies developing stablecoins (such as Circle), large e-commerce platforms (like JD.com), and licensed financial institutions, including but not limited to Standard Chartered Bank in Hong Kong, as well as major banks in European and American countries, who earn revenue from payment settlement through stablecoin issuance.
