Global efforts to regulate stablecoins are advancing, highlighted by the EU's Markets in Crypto-Assets Regulation and the U.S.'s recent 'GENIUS Act' aimed at payment stablecoins. In response, China is advised to develop its own regulatory framework, inspired by international models. The proposal includes piloting RMB stablecoin usage in free trade zones to enhance cross-border trade and security, marking a significant step in China's digital currency strategy.