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 at the recently held Mid-term Forum of the China Macroeconomic Forum (CMF) of Renmin University of China that although there are many types of virtual currencies in existence, only stablecoins have entered the legislative process, and this matter needs to be highly valued. Stabilizers and traditional currencies have significantly different theoretical foundations and operating characteristics, which will pose new challenges to the traditional monetary and financial system. The current global trend is the popularity of Bitcoin and stablecoins, so we must immediately answer the question of "what to do". China's regulatory authorities have made arrangements on how to deal with the problems caused by digital currencies such as stablecoins. China will not fall behind. Our policy toolbox will continue to be enriched to ensure that China's macro economy is stable and long-term.