Liu Xiaochun, Vice President of Shanghai Institute of New Finance (SFI), pointed out in a document that even though China has not yet issued RMB stablecoins, domestic and foreign RMB stablecoins should be included in regulation and management measures for RMB stablecoins should be introduced as soon as possible; Its necessity lies in providing matching payment and settlement methods for new transaction scenarios in the development of the digital economy, meeting the needs of exploring new cross-border payment methods, and preventing the risks brought by the overseas issuance of RMB stablecoins to ensure national financial security; There are no significant legal barriers to issuing RMB stablecoins. The regulation of RMB stablecoins should adhere to coordinated management both domestically and internationally, and strict constraints should be imposed on capital scale, reserve assets, business scope, and other aspects. For safety reasons, a sandbox mechanism can be adopted for pilot testing, and efforts should be made to achieve seamless integration between RMB stablecoins, digital RMB, and bank account systems to enhance their competitiveness. In addition, high attention should be paid to the spillover risks of US policies related to Bitcoin and stablecoins. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45231