Dongwu Securities: Three ideas for stablecoin issuance suggest focusing on public chains, digital wallets, and license acquisition

Dongwu Securities issued a statement stating that there are three ideas for the issuance of Chinese stablecoins. The first one is centralized issuance by the central government. Central direct on chain issuance, while enterprises build a stablecoin ecosystem (public chains, wallets, smart contracts, etc.) around the central bank as a super node; Second type: License system: Obtaining license → Anchoring assets → Self promotion. After obtaining a stablecoin issuance license, enterprises need to reserve assets denominated in fiat currency at relevant institutions in order to put the issued stablecoins on the chain. The stablecoins issued by each company have the same function, but there may be personalized promotion methods; The third type: central wholesale+enterprise retail: The central bank is responsible for public chain+wholesale, and authorizes banks and technology companies to issue stablecoins. The manufacturing industry driving stablecoins to go global may become a new idea for the internationalization of the Chinese yuan. With the strong manufacturing background of our country, using blockchain as a condition for purchasing Chinese products, and expanding the influence of China's public chain through cross-border trade. The organization suggests focusing on three major categories of companies: public chains, digital wallets, and license acquisition.