Core Insights - The "Phoenix Bay Area Finance Forum 2025" was held in Guangzhou, focusing on the theme "New Pattern, New Path" and gathering global elites from politics, business, and academia to explore development opportunities amidst changing circumstances [1] Group 1: Digital Currency and Stablecoins - Hong Kong University Vice President Wang Yang delivered a keynote speech on the impact of the recently passed "Genius Act" on the stablecoin landscape [3] - The act has sparked global interest in stablecoins, driven by curiosity about their potential and concerns about missing opportunities if the U.S. aggressively promotes them [3] - Wang Yang identified two core strategic intentions behind the U.S. push for stablecoins: 1. To create a new demand market for the massive national debt, which has surpassed $31 trillion and is expected to reach $34 trillion within the year, thereby alleviating debt pressure through stablecoin issuance [3] 2. To establish a "Dollar Hegemony 2.0" by legalizing and strictly regulating dollar-backed stablecoins, which currently dominate over 99% of the on-chain stablecoin market, reinforcing the dollar's global dominance [3]
汪扬深度解读：31万亿美债重压下，稳定币如何构筑“美元霸权2.0”？
Feng Huang Wang Cai Jing·2025-09-25 02:04