ChainCatcher news, according to Jinshi reports, A-share listed company Jinyi Culture stated on the interactive platform that the Kaike Weishi digital RMB product utilizes blockchain technology to design a distributed ledger for digital currency wallets, independently supporting the core processing system of wallet operations, including lifecycle management from wallet opening to closing, classification and grading of wallets, wallet accounting and distributed reconciliation, as well as the application of digital certificates, digital signatures, encrypted storage, and other functions based on blockchain smart contract technology. Some technologies can be applied in the stablecoin field.

ChainCatcher news, according to The Block, Federal Reserve Governor Michelle Bowman urged state and federal governments to establish partnerships to jointly regulate stablecoins, while lawmakers are drafting related legislation.On Wednesday, Bowman was asked at the DC Blockchain Summit hosted by the Digital Chamber about the roles that state and federal governments should play in addressing stablecoin issues. Bowman stated that states are more willing to discuss the expansion in this area, "An important point for me is to establish partnerships."Bowman said, "U.S. currency comes with risks such as runs, which may require us to provide protections for the dollar. Therefore, from the Federal Reserve's perspective, it is important that we have the ability to participate and negotiate with any framework that ultimately takes shape, whether it is the current legislation or other frameworks that emerge as stablecoins develop in the U.S. The Federal Reserve should have a seat at the negotiating table."