Former Vice President of the Bank of China, Wang Yongli, shared a post stating that China needs a clearer understanding and more forward-thinking measures. The focus shouldn't be on developing RMB stablecoins (which have quite limited potential) but rather on accelerating the legislative process, speeding up bank participation, and advancing RWA development to achieve a leapfrog advantage. The legislation and implementation of fiat stablecoins and the entire crypto asset space, establishing the legality of fiat stablecoins and crypto assets, will undoubtedly drive significant participation from banks and other financial institutions. It will also push various standardized financial assets onto the chain for trading in the form of RWA, accelerating the development of the on-chain crypto world into an irreversible trend—this should be the most important contribution of U.S. stablecoin legislation. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=47958