Odaily Planet Daily News: Wang Yongli, former vice president of the Bank of China, wrote an article entitled "On the Development of US Dollar Stablecoins Bringing Profound Warnings", which pointed out that with the development of blockchain and encryption technology, the encryption world has broad development space and will have a strong influence on the human world. As a major country, it is necessary to seize the commanding heights in the encryption world. In this regard, other major countries, especially China, need to pay great attention and actively respond. The digital RMB must break through traditional concepts, adjust the M0 and retail positioning determined in the early stage as soon as possible, learn from the stable currency technology and model, give priority to accelerating the construction of the international version of the digital RMB (which can be distinguished from the domestic version), focus on cross-border and international payment and settlement, and catch up with the US dollar stable currency as soon as possible in terms of efficiency and cost. The integration of digital currency and digital identity is entirely possible to form a new international advantage and promote China to achieve world leadership in the development of digital currency, digital finance, and digital economy.