Stablecoin

Token

would

Bold

<h1 id="a-href-https-buy-magacoinfinance-com-coindoob-rel-noopener-noreferrer-nofollow-img-class-wp-image-84884-size-full-alignnone-alt-width-1452-height-181-a"><a href="https://buy.magacoinfinance.com/coindoob" rel="noopener noreferrer nofollow"><img class="wp-image-84884 size-full alignnone" alt="" width="1452" height="181"></a></h1><p>He <strong><a href="https://mp.weixin.qq.com/s/kpeGAoEJnexeBZpbQEPwlg" rel="noopener noreferrer nofollow">argued</a></strong>that while stablecoins play a visible role in crypto markets today, they are not essential to the functioning of blockchain ecosystems and should not be treated as irreplaceable.</p><p>In his view, regulating stablecoins would naturally extend to the wider crypto sector, setting off a chain reaction with far-reaching consequences.</p><p>While this could bring oversight and stability, he cautioned that it might also undermine the role of stablecoins themselves.</p><p>Rather than focusing on launching a renminbi-backed stablecoin, Yongli believes China’s priority should be to build a complete legal framework for cryptoassets.</p><p>He suggested that banks and financial institutions should accelerate their move onto blockchain rails, while also supporting the tokenization of real-world assets. Another key step, he said, would be registering crypto exchanges in Hong Kong, helping integrate the RMB into global on-chain activity more effectively.</p><div class="read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light"><h5 class="text-uppercase border-bottom mb-3 pb-1 d-none d-md-block">READ MORE:</h5><a class="article row text-decoration-none" href="https://coindoo.com/onchain-options-exchange-plans-bold-token-expansion-to-compete-with-giants/" rel="noopener noreferrer nofollow"><div class="contentRight col-4"><span class="imgContainer mt-0"><img class="image img-defer" src="https://coindoo.com/wp-content/uploads/2025/07/market-chart-03m32m3111114.jpg"></span></div><div class="contentLeft col-8"><h4 class="title mb-0">Onchain Options Exchange Plans Bold Token Expansion to Compete With Giants</h4></div></a></div><p>His comments add to a growing debate within China on how to position the country in the rapidly evolving digital finance landscape, balancing innovation with stronger controls.</p><p style="text-align: center;"><em><strong>The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or <a class="wpg-linkify wpg-tooltip tooltipstered" rel="noopener noreferrer nofollow">cryptocurrency</a>. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.</strong></em></p><p>The post <a href="https://coindoo.com/china-should-back-blockchain-and-rwa-not-chase-stablecoin-issuance-says-former-official/" rel="noopener noreferrer nofollow">China Should Back Blockchain and RWA, Not Chase Stablecoin Issuance, Says Former Official</a> appeared first on <a href="https://coindoo.com" rel="noopener noreferrer nofollow">Coindoo</a>.</p>

China Should Back Blockchain and RWA, Not Chase Stablecoin Issuance, Says Former Official

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