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Former President of Bank of China: Stablecoins Have Innovative Financial Convenience, But Also Pose Systemic Financial Risks
Summary: During the 2025 International Monetary Forum, former President of Bank of China, Li Lihui, stated that stablecoins have innovative financial convenience, but also pose systemic financial risks. He mentioned that the US hopes to link stablecoins with the US dollar to maintain global monetary financial dominance. If the US cannot improve its twin deficits, it ...
During the 2025 International Monetary Forum, former President of Bank of China, Li Lihui, stated that stablecoins have innovative financial convenience, but also pose systemic financial risks. He mentioned that the US hopes to link stablecoins with the US dollar to maintain global monetary financial dominance. If the US cannot improve its twin deficits, it may affect the stability of its currency value. Additionally, he pointed out that Hong Kong stablecoins can relax domestic access conditions when conditions are met, helping with the internationalization of the Renminbi. He also emphasized the need to track the dynamics of decentralized financial markets represented by the US, to enhance China's position in the global monetary financial system.
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Link: Former President of Bank of China: Stablecoins Have Innovative Financial Convenience, But Also Pose Systemic Financial Risks [Copy]
