MetaUserDao：上海国委组织学习稳定币，释放了哪些信号

Group 1 - The Shanghai Municipal State-owned Assets Supervision and Administration Commission organized a "stablecoin learning session," indicating a shift in regulatory perspective from observation to understanding and engagement [2][3] - The learning session suggests that regulators are exploring localized alternatives to overseas stablecoin technologies and operational mechanisms [2][3] - The integration of on-chain assets, identity, auditing, and credit infrastructure may be piloted within a regulatory sandbox framework [2][3] Group 2 - The implementation of Real World Assets (RWA) in China faces three structural challenges: lack of verifiable data, inability to stratify identities, and insufficient compliance mechanisms [4][5] - MetaUserDAO (MUD) aims to address trust and governance issues at the protocol level, integrating an AI-driven dynamic identity system to create an on-chain credit tagging system [5][6] - MUD's system serves as an access layer for stablecoin and RWA issuance, supporting on-chain behavior tracking and compliance components [5][6] Group 3 - The convergence of regulatory and infrastructure signals will be central to the future development of blockchain in China [6][7] - Potential directions include piloting an integrated platform for on-chain identity, asset mapping, and auditing mechanisms within state-owned enterprises [6][7] - The establishment of a "regulatable DAO" could facilitate infrastructure operation and feedback loops through on-chain governance structures [6][7] Group 4 - The focus on stablecoins may be a starting point, but the identity system is viewed as the core of the foundational infrastructure [7] - The transition from narrative to infrastructure in blockchain will determine the success of achieving a win-win scenario among finance, industry, and regulation [8] - MetaUserDAO (MUD) provides a valuable reference path for the industry in the collaborative direction of on-chain identity and RWA [8]