The invention discloses an absorbable iron alloy stent, comprising an iron alloy substrate and a degradable polymer in contact with the surface of the substrate, in which the degradable polymer has a weight average molecular weight of more than or equal to 20,000 and less than or equal to 1,000,000 and a polydispersity index of more than 1.0 and less than or equal to 50. After the iron alloy stent is implanted into the body, the degradable polymer degrades to produce a carboxyl group. After the degradable stent is implanted into the human body, the effects of oxygen-consuming corrosion enable the stent both to mainly function as a mechanical support and then to degrade gradually, and the amount of hydrogen produced in the degradation process does not reach the level that can lead to a risk of air embolism.
