Microencapsulation technology can effectively improve the performance of liquid crystals (LCs) by addressing the serious limitations in stability and versatility caused by their liquidity. However, it cannot achieve a combination of optical and mechanical properties, let alone thermal stability. Instead of building self-assembly structures in shells that deoptimize LC molecular structures, we propose a novel strategy to introduce polymer-stabilized LC systems, which confer multiple supporting structures to microcapsules. Upon irradiation with UV light, synergistic interactions are produced between photo-cross-linked LC monomers and photoinert cholesteric LCs, providing a three-dimensionally restricted network surrounding the microcapsules, thereby yielding polymer-stabilized cholesteric LC microcapsules (PSCLCMs). The formed rigid network increases the thermal stability of the microcapsules and extends their storage period to 9 months. Then, a colorless coating is produced by mixing RGB tricolor PSCLCMs as a projection screen, exhibiting superior vibrant color relative to commercial products, with a gain of 1.3-1.4 and better ambient light immunity. Furthermore, plasticized PSCLCM coatings exhibit significant dynamic tensile discoloration properties. The thermally stable and mechanically robust PSCLCMs may serve as a reference for display, security, and sensing toward advanced applications.