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Opinion: No need to 'mythologize' or 'superstition' stablecoins as China already has 'quasi-stablecoin' assets
Summary: According to Caixin, Guan Tao, Chief Economist of Bank of China Securities, stated at a recent online seminar at the China Macro Forum (CMF) that the US dollar stablecoin is not a legal tender currency of the United States, lacking sovereign credit guarantee. It is advisable to adopt a 'wait-and-see' attitude towards stablecoins, without rushing, ...
According to Caixin, Guan Tao, Chief Economist of Bank of China Securities, stated at a recent online seminar at the China Macro Forum (CMF) that the US dollar stablecoin is not a legal tender currency of the United States, lacking sovereign credit guarantee. It is advisable to adopt a 'wait-and-see' attitude towards stablecoins, without rushing, and there is no need to 'mythologize' or 'superstition' stablecoins. The focus should be on developing digital currencies and promoting the internationalization of the Renminbi.
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Link: Opinion: No need to 'mythologize' or 'superstition' stablecoins as China already has 'quasi-stablecoin' assets [Copy]
