Due to the development of quantum computing, the security issues of blockchain technology for cryptocurrencies like Bitcoin have escalated again. Caixin has learned from multiple policy insiders in the mainland that since the end of June, relevant parties have held several meetings to discuss the development trends and response strategies of stablecoins and cryptocurrencies, stating that research should continue but the hype around stablecoins in public opinion should be toned down. Regulators are also closely monitoring the trends in the development of stablecoins and related technologies, remaining cautious about the issuance of a digital RMB stablecoin.