BlockBeats News, September 7th, the National Natural Science Foundation of China released the 3rd quarter of 2025 Emergency Management Project titled "Research on Global Stablecoin Risk Governance and Cross-Border Collaborative Regulatory System." It stated that stablecoins, as a form of digital asset designed to peg to the value of a fiat currency or a specific asset, have become a core bridge connecting traditional finance and the crypto ecosystem due to their potential for efficient cross-border liquidity. The scale and influence of stablecoins pose a profound challenge to the current international monetary system and global financial regulatory framework.