Analysis data shows that China's policy on stablecoins is clear: resolutely curb them. This reflects several key points: First, USD stablecoins have monopolized the global market, leaving little room for development in other countries. Second, stablecoins pose risks such as money laundering and fraud. Third, China has already gained a global leading advantage in mobile payments and digital RMB. Fourth, developing a digital RMB stablecoin could threaten financial security. Overall, China's move is based on strategic considerations of national security and financial stability. In the future, attention should be paid to the innovative development of digital RMB and its application in international payments. At the same time, vigilance is needed regarding the potential impact of stablecoins and crypto assets on the existing financial system.