🧐 Does the impressive stablecoin have anything to do with us?

JD's stablecoin layout officially states:

The stablecoin route in mainland China is gradually transitioning from "regulation-led e-CNY" to "enterprise-led, compliant overseas expansion, focusing on B-end applications."

I feel that this is a realistic and pragmatic overseas strategy under the background where the regulatory framework is still unclear, and the central bank's digital currency (e-CNY) is primarily targeting retail C-end.

So the question arises, does it have anything to do with the people?

As mentioned above, the mainland's stablecoin is following a path of "enterprise-led, compliant overseas expansion, prioritizing To B," reducing costs and improving efficiency through cross-border settlement and payment.

It has almost nothing to do with the people!

You can't use it, you can't touch it, and you won't be able to benefit from airdrops; this is not DeFi, not public chain narratives, not Web3, but rather an extension of state-owned enterprise thinking on the chain.

Don't be fooled by the three words "stablecoin"; this game is about capital flow, enterprise settlement, and dollar substitution, without any consideration for the welfare of the people.