The Bank for International Settlements (BIS) pointed out in its annual report that stablecoins anchored to fiat currencies have failed the three key tests required to build a future monetary system: singularity, elasticity, and integrity, and therefore cannot become the core of the monetary system. BIS believes that although stablecoins have technological advantages such as programmability, anonymity, and fast cross-border payment speeds, their issuance structure limits their expansion capabilities, there are differences in settlement standards among different issuers, and inconsistent anti money laundering and compliance enforcement, which may weaken national currency sovereignty and endanger the integrity of the financial system. （TheBlock） https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44514