Wu learned that the Beijing Haidian District Local Financial Supervision Administration issued a notice stating that recently, digital money represented by stablecoins has received widespread attention from the market. Some illegal institutions use "financial innovation" and "digital assets" as a gimmick, taking advantage of the public's insufficient understanding of stablecoins and other related matters, to absorb funds by issuing so-called "virtual money," "virtual assets," and "digital assets," inducing the public to participate in trading speculation, disrupting the economic and financial order, and breeding illegal activities such as illegal fundraising, gambling, fraud, pyramid schemes, and money laundering, which seriously endangers the property safety of the public.