According to online reports, Li Yang, a member of the Faculty of China Academy of Social Sciences and chairman of the National Finance and Development Laboratory, said that the United States 'promotion of stablecoin legislation aims to strengthen the status of the US dollar, promote payment modernization, and create new demand for US debt. A stablecoin is essentially an extension of the US dollar on the chain. Faced with the tide, China should firmly promote the internationalization of the RMB, comply with the trend of integration of stablecoins and traditional finance, and promote the complementary development of RMB stablecoins and central bank digital currencies. Li Yang suggested making full use of Hong Kong's advantages to develop offshore RMB stable currencies and build controllable international payment channels.