The president of the University of International Business and Economics, Zhao Zhongxiu, has proposed a regulatory framework for stablecoins, suggesting pilot programs in China's free trade zones, such as Shenzhen Qianhai and Hainan Free Trade Port. The proposal includes establishing a "cross-border fintech laboratory," creating a stablecoin "whitelist," and launching offshore RMB stablecoin innovation trials. It also aims to enhance blockchain infrastructure and promote digital trade and intellectual property financing. These initiatives could leverage on-chain stablecoins like USDT, USDC, and RMB stablecoins for financial applications, potentially revitalizing intangible assets and addressing financing challenges for tech firms with light assets.