Zhang Ping, Academician of the Chinese Academy of Engineering: Suggests that the central bank issue stablecoins anchored to the digital yuan

Chain Catcher News, at the 2022 WAIC Metaverse Sub-Forum held by Baidu today, Zhang Ping, an academician of the Chinese Academy of Engineering, stated that establishing an on-chain payment system anchored by the digital renminbi is key to achieving China's political security, economic security, cultural security, and cybersecurity. Our country should vigorously develop the concept of "permissioned web3.0" with Chinese characteristics.

The People's Bank of China can issue the renminbi stablecoin CNYC on a self-developed blockchain, allowing the digital renminbi DCEP to circulate on-chain, supporting a self-controllable "permissioned web3.0" industry. (Source link)