According to

TechFlame, on September 5, the Ministry of Management Science of the National Natural Science Foundation of China recently released the application guidelines for the 3rd emergency management project “Research on Global Stablecoin Risk Management and Cross-border Collaborative Supervision System” in 2025. The project focuses on stablecoins challenges to the international monetary system and research on their risk transmission mechanisms. It includes 1 general topic and 5 sub-topics, covering aspects such as the evolution of stablecoins structure, internal fragility, impact on monetary

sovereignty, impact on financial intermediation systems, and global regulatory frameworks.