Stablecoins Require Strict Regulation, Says Tsinghua University Expert

According to BlockBeats, Zhang Jianhua, Director of the Financial Development and Regulatory Technology Research Center at Tsinghua University's Wudaokou School of Finance, has emphasized the unique nature of stablecoins. While stablecoins are not legal tender, they should not be simply regarded as payment tools. Despite not being issued by central banks or having legal status, stablecoins possess many characteristics of traditional currencies. This 'quasi-currency' nature necessitates a regulatory approach that is more stringent than that applied to ordinary investment products.