#加密货币监管框架 Seeing this message, I am reminded of the conversations I've had with many investors over the past few years. Whenever it comes to emerging asset classes, people tend to swing between excitement and concern. The same applies to stablecoins.

In fact, the gradual development of the regulatory framework is good news for long-term participants. The "China Plan" pilot program in free trade zones—including the whitelist system, transparent reserve audits, and risk control mechanisms—these seemingly strict requirements are essentially in place to protect investors' asset safety.

My observation is that those who have experienced multiple market cycles tend to understand this better. Regulations are not restrictions but necessary conditions for the ecosystem to survive long-term. Just as good corporate governance reassures stock investors, a clear regulatory framework gives participants more confidence.

If you're considering allocating to such innovative assets, I recommend asking yourself a few questions: What percentage of my overall assets does this represent? Can I withstand its volatility? Do I truly understand the logic behind it? Often, these questions are more important than tracking the latest policies.

During the process of regulatory maturity, a calm mindset is more valuable than sharp judgment.