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China's University President Proposes Stablecoin 'Chinese Solution' in Free Trade Zones

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On December 21, Zhao Zhongxiu, president of China University of International Economics and Trade, proposed a 'Chinese solution' for stablecoins in free trade zones. The plan includes a cross-border fintech lab, a stablecoin 'white list,' offshore RMB stablecoin innovation, and stronger blockchain infrastructure. Risk control remains a priority. The proposal highlights blockchain innovation as a key pillar for financial development.
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