Former Vice President of Bank of China, Wang Yongli, pointed out in an article that China already holds a global leading advantage in mobile payments and digital RMB. Promoting RMB stablecoins domestically offers no advantages, and internationally, it is unlikely to have much room for development or influence. Moreover, China should not follow the path of USD stablecoins by fully pushing for the development of both onshore and offshore RMB stablecoins. If China follows the USD stablecoin route to develop RMB stablecoins, it will not only struggle to challenge the international status of USD stablecoins but may even turn RMB stablecoins into a subordinate of USD stablecoins. This could impact national tax collection, foreign exchange management, and cross-border capital flows, posing serious threats to RMB sovereignty, security, and the stability of the monetary and financial system. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=53019