Insiders: It is recommended that national-level public chains be led by central state-owned enterprises.

On August 2, according to Caixin, an insider stated in an interview related to stablecoins that China currently does not have a globally influential public chain. Another insider suggested that national-level backbone public chains should be led by central state-owned enterprises, while the construction of industry-level public chains could be opened to market competition. One insider stated: "Public chains are the infrastructure for stablecoin issuance, which is significant and indispensable for us to build a self-controllable, secure, and efficient financial infrastructure system in the digital financial era." A person familiar with the policy remarked: "Stablecoins must be issued on public chains, and the current issue is that, whether in Hong Kong or the mainland, there is no globally influential public chain in our country. If we use American public chains, we may face political risks such as US-China confrontation in the future, which could potentially lead to being 'choked off'." "Next, we need to strengthen investment in public blockchains (i.e., public chains), ensuring self-control, and build in layers. For example, national-level backbone public chains should be led by central state-owned enterprises, industry-level public chain construction could be opened to market competition, while scenario-level public chain construction should be entirely market-driven," suggested another insider.