BlockBeats News, June 3rd. Wang Yongli, former vice president of a Chinese bank, published an article titled "Profound Warning Brought by the Accelerated Development of USD Stablecoins." In the article, he pointed out that the United States has established legislation to protect and support the mining and trading of cryptocurrency, even making it a national strategic reserve. This support extends to the legal operation of USD stablecoins, actively seizing the commanding heights in the field of cryptocurrency and stablecoins to enhance the demand for U.S. government bonds and the international influence of the US dollar. This has significant and far-reaching strategic implications, which China needs to take seriously and respond to positively. Encouragingly, Hong Kong is actively promoting the development of Web3.0, cryptocurrency, and HKD-pegged stablecoins, with mainland Chinese companies also actively participating. Hong Kong's regulatory framework for stablecoins is at the forefront globally, providing valuable reference for the mainland. It requires high attention and in-depth research from mainland China's financial sector, academia, as well as judicial and regulatory bodies. It may be worth considering launching an offshore RMB-pegged stablecoin in Hong Kong, which can be used first for overseas cryptocurrency transaction settlements, paving the way for the development of RMB-pegged stablecoins and even digital RMB.