Eastcompeace joins hands with multiple parties to promote stablecoin technology layout

Shenzhen Stock Exchange listed company Eastcompeace (002017.SZ) recently stated that as global regulatory policies gradually become clearer, the compliance thresholds faced by stablecoin issuers are becoming clearer, mainly involving key requirements such as obtaining compliance licenses, transparent disclosure of asset reserves, risk management mechanism construction and consumer protection.

Against this background, Eastcompeace announced that it will work with China Telecom Research Institute and Shanghai Shutu Research Institute to carry out in-depth cooperation around the core technology and application scenarios of stablecoins, and jointly promote the construction of key underlying capabilities and business implementation exploration.

The company pointed out that stablecoins are not only an important direction for the current global digital currency innovation, but also an important tool for promoting digital payment, cross-border settlement and digital asset system construction. Eastcompeace hopes to explore the feasible application solutions of stablecoins in communication payment, industrial chain settlement, domestic and foreign trade settlement and Web3.0 scenarios through this joint research and development.

In recent years, Eastcompeace has continued to deploy digital currency and blockchain-related technologies, and has a relatively mature digital identity authentication, encrypted communication, security chip and other capability foundations. This linkage with central enterprises and scientific research institutions is expected to seize the initiative in the new round of digital asset compliance process.

As Hong Kong, Singapore, the European Union and other regions have successively introduced stablecoin regulatory frameworks, Chinese companies are also accelerating their exploration of compliance in this field. The market generally believes that while the digital RMB is steadily advancing, the "going overseas" path and international clearing scenarios of compliant stablecoins will become a new export for China's digital financial technology.