陈雨露：共同塑造全球数字货币金融新秩序

Core Insights - The forum emphasizes that artificial intelligence and the digital economy are reshaping global economic development, with digital currencies becoming a core variable in the reconstruction of the international monetary system [2][3] Group 1: Global Economic Forces - Artificial intelligence and the digital economy are jointly transforming the global economic landscape, with digital currencies evolving from a financial technology concept to a key component of the international monetary system [2] Group 2: Risks of Unipolar Stablecoins - The push for unipolar stablecoins by certain countries poses five systemic risks: 1. Divergence from a multipolar framework, exposing global financial security to single asset volatility [3] 2. Amplification of market contagion risks, as traditional financial risks may be transmitted through stablecoins [3] 3. Potential for dollar and U.S. Treasury bond volatility to spill over into the global financial market via stablecoin channels [3] 4. Currency mismatch and financial fragility, particularly with the dominance of dollar stablecoins [3] 5. Regulatory vacuum, necessitating global cooperation to enhance governance around stablecoins [3] Group 3: China's Digital Currency Principles - China's experience with digital currencies highlights three fundamental principles for global digital currency development: 1. Authentic value, opposing speculative bubbles detached from the real economy [4] 2. Systemic robustness, advocating for cross-border regulatory cooperation and multilateral clearing among central bank digital currencies and compliant stablecoins [4] 3. Inclusive accessibility, leveraging smart contract technology for broad financial inclusion and establishing a digital Silk Road based on mutual benefit [5] Group 4: Strategic Response to Challenges - To counter the challenges posed by the dominance of dollar stablecoins, a three-pronged strategy is proposed: regulatory upgrades, a dual system for digital currencies, and regional alliances, aiming to create an inclusive and mutually beneficial global digital currency financial order [6]