Today, I had dinner with an undergraduate classmate (I majored in economics, but he is now a university teacher) and talked about how their dean recently organized the application for an emergency management project from the National Natural Science Foundation of China, with the theme of stablecoins. I was shocked to hear that: I knew the stablecoin project was very popular recently, and Trump was also working on WLFI, but I didn't expect that the Chinese senior management was also very concerned and launched a self scientific emergency project to study it. I first searched on Google what the Zike Emergency Project is, and in short, it is very impressive: the Emergency Management Project is used to quickly respond to major management issues and provide scientific analysis and policy recommendations to the national decision-making level. Then I went to the official website of Zike to check the announcement. The project title "Research on Global Stable Coin Risk Governance and Cross border Collaborative Regulatory System" takes stablecoins to an unprecedented height in the first sentence: As a digital asset aimed at anchoring the value of fiat currency or specific assets, stablecoins have become a core bridge connecting traditional finance and the crypto ecosystem due to their potential for efficient cross-border liquidity. Their scale and influence pose profound challenges to the current international monetary system and global financial regulatory framework. The announcement also mentioned recent cryptocurrency legislation, including the Genius Act in the United States, MiCA in the European Union, and the stablecoin issuer regulation in Hong Kong. This project has one overall project titled "Research on the Evolution Trend, Risk Transmission, and Risk Governance and Strategic Response of Global Stablecoins in China", and five sub projects: 1. Research on the structural evolution of global stablecoins and their impact on the international monetary system 2. Research on the inherent fragility, risk transmission, and macro prudential management of stablecoins 3. Research on the impact of stablecoins on monetary sovereignty and the effectiveness of monetary policy 4. Research on the Impact, Transmission, and Response Strategies of Digital Currency on China's Financial Intermediary System 5. Global stablecoin regulatory framework, financial infrastructure, and cross-border collaboration research Mainly tracking stablecoin technology and market patterns, analyzing risks, and proposing strategic and policy recommendations. That is to say, China hopes to occupy a place in the future global stablecoin governance system. Interested friends can apply, link: https://www.nsfc. (gov.cn)/p1/3381/2824/94609.html I feel like the cryptocurrency industry is moving towards the forefront! Stablecoins are awesome! I plan to spend more time delving deeper into research and also write a WTF USDT tutorial.