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Viewpoint: The unilateral promotion of a stablecoin by individual countries will exacerbate systemic risk due to hazards such as U.S. Treasury bond and U.S. Dollar volatility spillover.
BlockBeats News, July 27th, Chen Yulu, President of Nankai University, stated in the opening speech of the "2025 International Financial Forum" that artificial intelligence and the digital economy are reshaping the global economic development process, and digital currency has become a core variable in the reconstruction of the international monetary system.
He emphasized that the unilateral promotion of stablecoins by individual countries will exacerbate systemic risks due to five major hidden dangers: "deviation from a multipolar framework, amplification of traditional financial risks, spillover of U.S. Treasury bond and U.S. dollar fluctuations, increased risk of traditional currency misalignment through new transmission channels, and regulatory vacuum." Chen Yulu called for adhering to the three major principles of "intrinsic value, systemic stability, and inclusive outreach," promoting the coordinated development of central bank digital currencies and compliant stablecoins, jointly building a multilateral digital currency liquidity mutual assistance network, and working together to construct an equal and mutually beneficial Digital Silk Road in the "Global South," shaping a inclusive and equitable global digital currency financial new order. (Economic Observer Network)
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