China adopts a zero tolerance attitude towards behaviors that evade foreign exchange controls, and relevant laws include provisions on illegal business operations and money laundering in the Foreign Exchange Management Regulations and Criminal Law. Using USDT or USDC for trade settlement or foreign exchange is considered as "disguised buying and selling of foreign exchange", and there have been multiple cases where defendants have been sentenced (ranging from 3-7 years) and fined. Enterprises and individuals should strictly comply with foreign exchange management regulations and avoid using stablecoins for illegal financial activities.