● Define stable currency as systemic risk ● Classify stablecoins into securities ● Define stable currency as a monetary fund ● Put forward bank-level regulatory requirements for stablecoins The report also stated that the standards and plans for the regulation of stablecoins are already under development. Centralized stablecoins have a clear legal subject and need to cooperate with traditional finance in asset custody, channels, etc., which is less difficult to supervise, and may be the first...