According to online reports, Minsheng Securities released a research report that at least in the short term, stablecoins will not be able to save the credit of the US dollar. The difference between a stablecoin and gold is that, first, its supply may also be out of control and lacks an objective restraint mechanism; second, it is not recognized globally as a reliable reserve asset. Minsheng Securities's main view is that the increase in the market value of stablecoins will mainly come from the demand for speculation, investment or value preservation of digital assets, as well as the new demand for participating in international trade settlement. Maybe time will solve the problem, but at least in recent years stablecoins have not really stabilized the dollar.