Former Director of the International Monetary Fund of the Financial Management Corporation of China: The production of various stable coins is a novelty with some respect, but it is still difficult to become an international payment tool.

Fan Wenzhong, former managing director of the Financial Management Company, published an article titled "The Future of Central Bank Stable Coins and Digital Currencies." However, in terms of real benefits, these stablecoins do not reflect supporting the exchange of goods in the community and making good profits. , and it is difficult to become an international payment method in the market. Stablecoins are not "stable" 2. Currently, it is not true to create a world of digital currency. According to Fiat, central bank funds have greater potential for improvement: the digital renminbi will not replace the traditional payment method, the digital renminbi will reduce the amount of paper and simplify payments, and digital renminbi issuance, affected. competition from other commercial banks, and regulation of the digital yuan may replace the existing model in the payments industry.