Techub News reports that Wang Yongli, former vice president of the Bank of China, wrote "Revisiting the Profound Warnings Brought by the Development of Dollar Stablecoins," pointing out that with the development of Blockchain and encryption technology, the crypto world has vast development potential and will have a powerful impact on the human world. As a major power, it is essential to seize the high ground in the crypto world. Digital Renminbi must break through traditional concepts and quickly adjust the previously determined M0 and retail positioning, drawing on stablecoin technology and models, prioritizing the accelerated construction of an international version of the Digital Renminbi (which can be distinguished from the domestic version), focusing on cross-border and international payment and settlement, and quickly achieving surpassing the dollar stablecoin in terms of efficiency and cost. Wang Yongli stated that integrating digital currency with digital identity could potentially create new international advantages, promoting China to achieve world-leading status in the development of digital currency, digital finance, and digital economy.