According to online reports, Liu Peng, CEO of Jingdong CoinLink Technology, recently accepted an exclusive interview with Bloomberg Businessweek/Chinese Edition that many people understand payment stablecoins as cryptocurrencies such as Bitcoin and Ethereum, which are completely different. Web3's stablecoins, like Web2's mobile payments, are essentially payment tools, aiming to reduce costs and increase efficiency, improve user experience, and promote the development of inclusive finance through advanced technologies and business models. At the technical level, unlike the centralization of mobile payments, stablecoins are based on a decentralized technical architecture; at the product structure level, stablecoins also have an additional issuance system than products such as "Weixin Pay." Because of this, the supervision of stablecoins is relatively complex. It cannot rely solely on compliance in a single region, but must coordinate global compliance implementation.