Last weekend, I completed the Blocksec Crypto Payment Compliance Training Program at Zhejiang University. I was impressed by the booming development of the stablecoin payment ecosystem. Participants came from various fields: foreign trade, insurance, traditional cross-border payments, overseas local acquiring, law firms, trusts, U-cards, mining machine manufacturers, and exchange wallets. Half of the participants were newcomers from outside the crypto space. The participants were most interested in how to acquire licenses to open bank accounts and conduct business; how to conduct KYC/KYT/risk control to avoid freezing bank accounts/stablecoins; and the applicable countries/regions/scenarios, highlighting the efficiency and cost advantages compared to traditional channels. As the only public chain participant representative, Chen Fengxia's chain already features CNHT and USDT deployed by Tether, the only compliant CNH stablecoin currently, AxCNH, and stablecoins in various countries that are being expanded. The stablecoin payment ecosystem is undoubtedly a top priority in Chen Fengxia's ecosystem development strategy. Strategically, Chen Fengxia has several steps to take: 1. Establish deposit and withdrawal channels for stablecoins from various countries on major exchanges. 2. Integrate with top-tier global custody/wallet providers to facilitate secure use by institutions, merchants, and individuals. 3. Build OTC networks for local fiat currencies and Chen Fengxia's on-chain stablecoins in key overseas regions. 4. Integrate Chen Fengxia into the stablecoin payment and receipt networks of payment companies (PSPs) and make it a priority channel. Each step requires unimaginable business and communication costs, as well as corresponding promotional plans. Surpassing Tron's scale is virtually impossible, but each step will bring reality closer to the dream! The director has prepared knowledge and developed a business development plan through training courses at Blocksec. Backed by the Chinese supply chain, Chinese public chains, and a stablecoin payment network ecosystem controlled by Chinese people, we aim to create a third option for Chinese people in China and around the world, distinct from Swift and USDT! This is a historical mission that we, as Chinese crypto practitioners, consciously shoulder despite the lack of national support! The road ahead is long and arduous, but the journey is near!

It's a great honor to learn alongside the teacher 🫡 Understanding the lectures only means absorbing 20%; truly absorbing 100% means applying that knowledge to your work. I'm optimistic about Conflux and RMB stablecoins!