news flash·2025-06-09 23:59Core Viewpoint - Increasing numbers of payments are moving away from the dollar-dominated centralized monetary system to digital payment systems like Bitcoin, highlighting a shift in the financial landscape [1] Group 1: Stablecoin Development - Stablecoins are characterized as "dual-sided" currencies that combine features of both centralized and digital currencies [1] - Policies aimed at promoting stablecoin development should focus on strengthening the stability mechanisms of stablecoins to enhance market trust [1] - Recent regulatory policies on stablecoins are centered around building this trust consensus [1] Group 2: Comparison with Traditional Currency - In the short term, the growth of stablecoins is unlikely to lead to significant increases in investments in the dollar and U.S. Treasury bonds [1] - In the medium to long term, the robust development of stablecoins could allow fiat currencies, such as the dollar, to benefit from the market expansion of Bitcoin [1] - Stablecoins can provide a digital layer to fiat currencies, bridging the gap between centralized credit currencies and digital currencies [1]