According to the reporter’s observation, as it is a new topic, the “stablecoin” related teleconference held by the above-mentioned securities firms in the past two days has mostly been of a popular science nature. For instance, the teleconference held by CITIC Securities on the evening of May 29th focused on the impact and opportunities of the “draft” on various links and participants in the “stablecoin” industry. The theme of the teleconference held by Western Securities on the morning of May 30th was “What is a Stablecoin?” This article will be interpreted from the perspectives of the concepts of “stablecoins” and RWA, as well as related national strategies.

It is worth mentioning that recently, the term “RWA” has also been frequently mentioned by institutions along with “stablecoins”. So, what is the connection between the two?

On this, on May 30th, Chen Chen, an ecosystem partner of Hong Kong Victory Securities, told the “Everyday Economic News” that “stablecoins” are the “currency anchors” of on-chain finance and can be regarded as the trading medium linking fiat currencies and crypto assets. RWA, on the other hand, is the “asset anchor”, which converts real-world physical assets into tradable digital tokens on the chain through blockchain technology. The two together form a value closed loop that connects the real world with the on-chain world. In layman’s terms, the two (” stablecoins “and RWA) have a symbiotic relationship:” Stablecoins “need” asset anchoring “to build trust and expand scenarios, while RWA needs” on-chain funds “to obtain liquidity. Chen Chen said.