But even  - 10 -  within this broad class of digital currencies, stablecoins vary widely in their underlying reference assets and the associated “exchange rate,” the ability to redeem the stablecoin claims for the underlying assets, and the extent to which a central issuer is liable for making good on redemption rights.
Second, monetary policy transmission mechanism and environment will be improved to enhance the effectiveness of monetary policy. Efforts will be made to promote the evolution and improvement of financial market, deepen the reform of financial enterprises and state-owned enterprises. Government function in economic management should be further transformed. Indirect macroeconomic management mechanism should be improved to safeguard and promote sound performance of financial system.