#稳定币发展与监管 After reading this report, it seems that the path of stablecoins is no longer viable. China has firmly halted stablecoins mainly considering national security and financial stability. USD stablecoins have already monopolized the market, and developing RMB stablecoins offers no real advantage; it might even bring risks like money laundering. In fact, we are already leading the world in mobile payments and digital RMB, so there's no need to follow the US in developing stablecoins. Moving forward, we will likely accelerate the promotion of digital RMB, which is the true future direction. For ordinary users like us, it's best to stick with legal digital currencies and avoid virtual currencies as much as possible.