稳定币 × RWA：构建Web3经济双引擎

Group 1 - The core argument emphasizes that the international status of the Renminbi (RMB) determines the strategic space for China's stablecoin, rather than technology alone [1][3] - Blockchain technology is viewed as a tool that cannot create currency credit on its own; stablecoins are a digital extension of sovereign credit [1][2] - The essence of Real World Assets (RWA) is the digital representation of asset credit, not the creation of credit through tokenization [2][3] Group 2 - The article discusses the evolution of blockchain from a utopian ideal to a pragmatic tool in finance, highlighting its role in reducing trust costs and improving collaboration efficiency [4][5] - It identifies the need for a balanced blockchain architecture that combines centralized efficiency with decentralized trust [6][11] - The future of stablecoins is framed as a digital battleground for sovereign currency dominance, with the U.S. aiming to establish a "digital dollar hegemony" through regulatory frameworks [12][16] Group 3 - Stablecoins are categorized into three types: fiat-collateralized, crypto-collateralized, and algorithmic stablecoins, each facing unique challenges and market dynamics [12][13][14] - The article notes that the market for stablecoins is projected to grow significantly, driven by speculative trading rather than everyday payment use [15][19] - The potential for RWA to bridge the gap between real-world assets and blockchain technology is emphasized, marking a shift towards the digitization of tangible assets [21][23] Group 4 - The challenges facing RWA include legal ambiguities, cross-jurisdictional conflicts, and high compliance costs, which hinder its widespread adoption [27][28][29] - The article concludes that the integration of stablecoins and RWA is essential for the development of a sustainable Web3 economy, where both elements work together to enhance capital allocation and financial inclusivity [30][31]