🧐 Does the seemingly impressive stablecoin have anything to do with us? JD's stablecoin layout officially states: The stable currency route in Chinese Mainland is gradually transitioning from "supervision led e-CNY" to "enterprise led, compliance oriented, B-end application oriented". I feel that this is a realistic and pragmatic strategy for going global in the context of unclear regulatory frameworks and the central bank's digital currency (e-CNY) focusing on the retail C-end. So the question is, is it really related to the people? As mentioned above, mainland stablecoins follow the path of "enterprise led, compliant overseas, and B2B first", using cross-border settlement and payment to reduce costs and improve efficiency. It has almost nothing to do with the people! You can't use it, you can't touch it, and you can't get airdrops. This is not DeFi, not a public chain narrative, not Web3, but an extension of state-owned enterprise thinking on the chain. Don't be fooled by the three words' stablecoin '. This game is about capital flow, corporate settlement, and US dollar substitution, without the well-being of the people.