China Launches Study of Stablecoin Risks for Global Impact

China has initiated a groundbreaking research project dedicated to addressing the risks posed by stablecoins, aiming to strengthen global regulatory frameworks for this crucial financial tool. The initiative, unveiled by the National Natural Science Foundation of China on September 7, 2025, tackles both cross-border regulatory collaboration and issues related to stablecoin risk governance. This move underscores growing concerns about stablecoins’ influence on global finance and highlights potential regulatory challenges ahead.