PANews reported on September 7 that the National Natural Science Foundation of China released the 3rd emergency management project of 2025, "Research on Global Stablecoin Risk Governance and Cross-border Collaborative Regulatory System", which pointed out that stablecoins, as a digital asset designed to anchor legal currency or specific asset values, have become the core bridge connecting traditional finance and the encryption ecosystem with their potential for efficient cross-border liquidity. Their scale and influence pose a profound challenge to the current international monetary system and the global financial regulatory framework.PANews reported on September 7 that the National Natural Science Foundation of China released the 3rd emergency management project of 2025, "Research on Global Stablecoin Risk Governance and Cross-border Collaborative Regulatory System", which pointed out that stablecoins, as a digital asset designed to anchor legal currency or specific asset values, have become the core bridge connecting traditional finance and the encryption ecosystem with their potential for efficient cross-border liquidity. Their scale and influence pose a profound challenge to the current international monetary system and the global financial regulatory framework.