According to online reports, according to reports from the financial community, Minsheng Securities released a research report that at least in the short term, stablecoins cannot save the credit of the US dollar. The problem with the U.S. dollar is to understand the counterparty. Regardless of the preferences of the U.S. and the private sector, official reserves overseas may be enough to worry about the U.S. 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.