國家金融與發展實驗室副主任楊濤撰文建議，人民幣穩定幣發展應採取「境內離岸 + 境外離岸」聯動模式，統籌境內上海自由貿易區與境外香港市場的試點探索。文章指出，當前人民幣穩定幣應由中央監管主導，構建批零結合、鏈上發行機製，並通過技術手段實現「電子圍網」式合規。他同時建議設立CNYC（境內離岸人民幣穩定幣）與CNHC（境外離岸人民幣穩定幣）雙幣體系，支持跨境支付、RWA結算及人民幣國際化，強調應嚴控風險並加快法律框架建設。 

Yang Tao, Deputy Director of the National Finance and Development Laboratory, wrote an article suggesting that the development of RMB stablecoins should adopt a linkage model of 'domestic offshore + foreign offshore', coordinating pilot explorations in the domestic Shanghai Free Trade Zone and the foreign Hong Kong market. The article points out that currently, RMB stablecoins should be led by central supervision, establishing a mechanism combining wholesale and retail as well as on-chain issuance, and achieving 'electronic fence'-style compliance through technical means. He also proposes the establishment of a dual-currency system of CNYC (Domestic Offshore RMB Stablecoin) and CNHC (Foreign Offshore RMB Stablecoin) to support cross-border payments, RWA settlements, and RMB internationalization, emphasizing the need to strictly control risks and accelerate the construction of a legal framework.