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Opinion: Comprehensive Implementation and Promotion of USD Stablecoins Will Strengthen Global Penetration of USD and Alleviate US Debt Risks
Summary: In response to recent developments, the trend of 'de-dollarization' has once again become a focus. Liu Yuanchun, President of Shanghai University of Finance and Economics, stated that the United States has recently introduced legislation regarding digital finance and digital currencies, allowing for the comprehensive implementation and promotion of USD stablecoins. This not only solidifies the ...
In response to recent developments, the trend of 'de-dollarization' has once again become a focus. Liu Yuanchun, President of Shanghai University of Finance and Economics, stated that the United States has recently introduced legislation regarding digital finance and digital currencies, allowing for the comprehensive implementation and promotion of USD stablecoins. This not only solidifies the USD's penetration and stability in the global system but also alleviates the risks posed by US debt. Zheng Yongnian, Director of the East Asian Institute at the National University of Singapore, pointed out that on one hand, the US embracing cryptocurrencies and stablecoins is driving a global trend towards 'dollarization,' while on the other hand, the potential risks of overreliance on the USD are becoming increasingly apparent. (The Straits Times)
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Link: Opinion: Comprehensive Implementation and Promotion of USD Stablecoins Will Strengthen Global Penetration of USD and Alleviate US Debt Risks [Copy]
