Digital RMB has almost failed, with few application scenarios and no incentive for commercial institutions to promote it. Now, encouraging the development of third-party issued stablecoins has become a domestic consensus. Recently, I’ve heard from three different levels of people: 1. My PhD advisor, who said the country is fully supporting it and there’s great potential. 2. A middle-class stock trader, who said they’re speculating on stablecoin-related stocks. 3. The security guard at my building, who said the country is enthusiastically supporting stablecoins to counter U.S. hegemony.