UIBE President Proposes ‘China Plan’ Stablecoin Pilot in Free Trade Zones

Zhao Zhongxiu, president of the University of International Business and Economics, advocates stablecoin deployment with cross-border fintech lab development.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as fiat currency or commodities.
  • Free Trade Zone: A designated area where goods can be imported, manufactured, and re-exported without the intervention of customs authorities.
  • Fintech: Technology-driven financial innovation that enhances or disrupts traditional financial services.