Recently, discussions regarding the construction of public chains have drawn widespread attention in the industry. According to reliable sources, our country is considering a tiered approach to advancing public chain construction, with national-level backbone public chains potentially led by state-owned enterprises, while industry-level public chains may open up to market competition.

This news has sparked in-depth reflection on the construction of our country's digital financial infrastructure. Public chains, as key infrastructure for the issuance of stablecoins, play a crucial role in building a self-controlled, safe, and efficient digital financial ecosystem.

Currently, our country lacks a public chain with significant influence on a global scale. This situation has raised concerns about technological autonomy, especially considering the potential geopolitical risks. Over-reliance on foreign public chain technology may lead to the risk of being constrained by others in technology.

To meet this challenge, industry experts suggest increasing investments in public blockchains to achieve autonomous and controllable technology. They propose a layered construction strategy: the national-level backbone public blockchain is led by central enterprises and state-owned enterprises to ensure the security and controllability of core technologies; the industry-level public blockchain introduces moderate market competition to promote innovation; while the scenario-level public blockchain is completely open to market competition to maximize efficiency and innovation potential.

This strategy aims to balance the relationship between national security, technological innovation, and market efficiency. It reflects our country's prudent attitude in advancing the application of blockchain technology, while also demonstrating a commitment to establishing a strong and independent digital financial infrastructure.

As this discussion deepens, we can expect to see more specific policies and measures regarding the construction of public chains in the future. This will undoubtedly have a profound impact on the development of our country's digital economy, warranting continuous attention and discussion from the industry.