Jinan government issues document to explore stablecoins: value, technology, regulation, stability in three aspects, and widespread application of cross-border payments

According to Foresight News, the Research Office of the People's Government of Jinan City issued an article titled "What is the most discussed stablecoin in the world?", 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 over a decade now and have a wide range of uses, whether in traditional cryptocurrency markets or in the real world. They mainly utilize the functions of stablecoins, which are currencies, including value scale, payment methods, circulation methods, storage methods, and world currency. Currently, the most widely used function is cross-border payment settlement. The current issuers of stablecoins include companies that develop stablecoins (such as Circle), large e-commerce companies (such as JD.com), and licensed financial institutions, including but not limited to Standard Chartered Bank in Hong Kong, as well as major banks in Europe and America. They earn profits from payment and settlement through the issuance of stablecoins.