On July 26, Cai Kailong, a senior researcher at the Institute of Financial Science and Technology of Renmin University of China and former chief strategy officer of the China Firecoin Group, published a column entitled "The Future of Digital Money". The article stated that from the current development of the industry, explore the future development trend of digital currency. : First, the digital currency market has returned to rationality from fanaticism. Second, the implementation of national regulatory measures began to take place. Again, the role of Stable Coin is growing. Fourth, traditional financial institutions and Internet companies have stepped into the digital currency industry. Finally, there will be more and more legitimate Security Token Offerings. For the issuance of digital currency, it is difficult to manage only the restrictions without diverting the export.