At the current market situation, all smartcoins are in shortage, and the price of 1 bitCNY is more than 10% higher than 1 fiat RMB. This means bitCNY is not perfectly pegged anymore. To make it clear that 1 bitCNY will not be lower than 1 fiat RMB due to the mechanism of "force settle", so bitCNY holders will always be safe. However, the high premium of bitCNY will hurt the system as it encourage people to hoard for speculation，instead of circulating for applications. It means that the maximum value bitshares system can contain is always limited by the volume of bitCNY. If the price of bitshares doesn't continue rising, then the value of bitshares system doesn't increase either.
A solution is to use IOU to add liquidity. For example, the RMBCNY backed by openledger, the RMB backed by btsabc.org, CNC backed by aex.com, and DUC backed by winex.pro. All these IOUs are backed by exchanges,which provide fiat to IOU gateway. Then unlimited value can be transferred into Bitshares system, not even considering the price of bitshares.
Gradually, bitcny will be more used as a way of keeping your fund secure, without worrying about the safety of gateways. UIA+smartcoin will become the mainstream.
image from google search
目前市场上几乎所有的智能货币比如bitCNY, bitCNY都处于严重短缺状态，承兑价要溢价10%以上，也就是想充值100bitCNY,要付出110人民币以上。显然，这意味着锚定已经不准了。当然，锚定不准并不是什么大事，因为你持有的bitCNY只会升值，所以资金安全不受影响。但是，当bitCNY短缺时，BTS系统的发展显然会受到影响，因为大家会去屯bitCNY而不会去利用bitCNY的流通性做应用。 同时，BTS系统的价值受到bitCNY供应量的影响。比如，如果我想把实际资产注入到BTS的话，需要有等量的bitCNY来对应。又比如我想在BTS储备团队资金，需要屯对应的bitCNY。这都意味着当BTS价格不能持续上涨从而抵押产生越来越多的BitCNY时，BTS这个系统能容纳的价值会受到限制。
一个比较好的解决方案时发行交易所背书的IOU，比如openledger的RMBCNY, aex的CNC，winex的DUC，以及btsabc的RMB。这些UIA由于发行总量不受限制，因而可以容纳无限的价值。网关作为法币和UIA的承兑商，可以作为法币入口。就好比在BTS上搭建了很多个交易所一样，不同交易所上所有的币种价值也都转移到了BTS系统上。
逐渐的，bitCNY为变为一种避险品种，而真正的流通资产是IOU。bitCNY+IOU会是一个完美的搭配。