The deputy director of the Institute of Finance of the Chinese Academy of Social Sciences and the deputy director of the National Financial and Development Laboratory wrote in the "Study Times" newspaper under the Central Party School that the nature of Bitcoin is not a true currency, but a rather peculiar financial asset that has investment value in itself. What could actually have a major impact on the international financial system is the stablecoin. If the US dollar stablecoin more closely links the international credibility of the US dollar with the application scenarios of the virtual world, it could greatly consolidate the hegemony of the US dollar. China needs to promote the construction of stablecoins and expand the use of digital tokens on Internet platforms. As long as the design and risk control are appropriate, the expansion of the use of digital tokens on these platforms can significantly expand the international monetary status of the renminbi, and thus more calmly face the challenge of the US dollar stablecoin.