Qu Shuangshi, Development Research Center of the State Council: Stable coins with specific issuers and anchored with certain collateral may become true "payment currencies"

Qu Shuangshi, deputy director of the International Research Institute of Technology and Economics of the Development Research Center of the State Council, said in an interview that stablecoins that have specific issuing institutions and anchor certain collateral may become the real "payment currency." It will use blockchain technology to greatly simplify the process of cross-border payments, accelerate the speed of global transactions and increase the transparency and security of payments. The stablecoin system will develop in a more complete and popular way.