Odaily Planet Daily News: Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, pointed out in an article that the payment convenience of emerging stablecoins and digital currencies should be fully utilized to promote the upgrading of financial services within a controllable range to meet the actual needs of social members for efficient, safe and low-cost payment tools. However, we need to be highly vigilant about the possibility of non-bank institutions monopolizing payment channels, user data and business opportunities, and effectively prevent the accumulation of systemic financial risks, the formation of information islands and regulatory arbitrage. Zeng Gang said that new monetary tools such as stablecoins and encrypted assets will continue to penetrate into real economic activities, bringing greater convenience and choice space to market participants. (Caixin)