The interaction of ultrashort intense circularly polarized laser with ultra thin overdense foil is studied by particle-in-cell simulation and analytic model. It is found that with the balance between pondermotive force and electrostatic force, highly quasi-monoenergetic proton beam can be generated by Phase Stable Acceleration (PSA) process. As in conventional accelerators, ion will be accelerated and bunched up in the longitudinal direction at the same time.