Core Insights - The announcement by Guotai Junan International Holdings Limited regarding the adjustment of stablecoin policies marks a milestone in the construction of a digital financial trust system, emphasizing a strategic transformation focused on regulatory compliance and user trust [1][3]. Industry Perspective - The adjustment signifies a qualitative change from "ambiguous rights" to "credit anchoring" for digital assets, addressing trust issues that previously hindered public acceptance of digital finance [3]. - By terminating the stablecoin giveaway model and allowing the exchange of digital currency for the digital renminbi, Guotai Junan directly connects stablecoins to the legal credit system, fundamentally altering the perception of digital assets from "virtual" to compliant assets with clear rights boundaries [3][4]. - This initiative creates a virtuous ecosystem of "corporate self-discipline + regulatory empowerment," highlighting the responsibility of financial institutions to align with regulatory frameworks [3]. Trust Building in Digital Finance - The move addresses the core pain point of "innovation versus trust imbalance" in the digital finance sector, which has suffered from low overall trust due to insufficient compliance in some business areas [4]. - Guotai Junan's approach offers a solution that retains the efficiency of blockchain technology while leveraging the compliance attributes of the digital renminbi to establish a solid trust foundation [4]. Company Strategy - For Guotai Junan, this adjustment is part of a strategic layout to become a "benchmark for trust-based finance," where brand credibility surpasses product offerings as a core competitive advantage [5]. - By clearly defining asset responsibilities through the termination of the ambiguous giveaway model, the company demonstrates a commitment to user responsibility and regulatory respect [5]. - The deep value of this policy adjustment lies in reconstructing the trust logic of digital finance, enhancing user trust, optimizing industry ecology, and standardizing financial order, ultimately leading to a win-win situation [5].
信用为基 合规致远——国泰君安政策调整的信任价值重构