PANews reported on October 27 that Pan Gongsheng, governor of the People's Bank of China, stated today at the 2025 Financial Street Forum Annual Meeting that 10 days ago, at the IMF/World Bank Annual Meeting held in Washington, stablecoins and the financial risks they may generate became one of the most discussed topics among finance ministers and central bank governors from various countries. The more common views mainly focused on the fact that stablecoins, as a financial activity, cannot effectively meet the basic requirements of customer identity identification and anti-money laundering at this stage, magnifying loopholes in global financial supervision, such as money laundering, illegal cross-border transfers of funds, and terrorist financing. The market is full of hype and speculation, which increases the fragility of the global financial system and has an impact on the monetary sovereignty of some underdeveloped economies.