X @Wu Blockchain

What Does China’s Most Powerful Former Central Bank Governor Think of Stablecoins?Zhou Xiaochuan highlights multiple dimensions of stablecoin risks and opportunities. He warns that stablecoins risk instability if issuance and leverage aren’t properly managed. While they can support DeFi and tokenization, existing payment systems are often sufficient. Compliance, investor protection, and actual circulation demand are crucial, and speculative use may threaten sustainability. A careful, multidimensional approa ...