Odaily Planet Daily reported that according to Caixin.com, at the "Asia Vision Forum 2025" held in Singapore, David A. Katz, vice president of strategy and public policy for the Asia-Pacific region of Circle, which issues the stablecoin USDC, said that cross-border business is an important application scenario for stablecoins, so issuing RMB stablecoins will help promote the internationalization of the RMB.

Katz emphasized that digital asset issuance must meet two core requirements: first, ensuring network security to prevent hacker attacks; second, digital assets must be one-to-one anchored to real, high-quality, and highly liquid assets and be held in custody by appropriate institutions. Notably, he revealed that approximately 90% of USDC's anchored reserves are held in custody by BlackRock.