Core Viewpoint - The emergence of various dollar stablecoins and the consideration of local currency stablecoins by other regions highlight the evolving landscape of digital currencies, with dollar stablecoins likely to have a more significant global impact due to the robust support of the dollar system [1][2]. Group 1 - The primary functions of dollar stablecoins are to enhance the efficiency of transactions and remittances, and to stimulate the purchase of other assets, including digital and crypto assets [1]. - There is a cautionary note regarding the potential for dollarization, which has been observed in Central America and some transitioning economies, raising concerns about its economic implications [1][2]. Group 2 - It is essential to maintain vigilance when considering the future role of stablecoins, particularly in relation to the issue of dollarization and its potential effects on different countries' economies [2]. - The suitability of dollarization for countries not currently facing high inflation or debt crises should be critically examined, as it may not always be the best option and could lead to various problems [2].
周小川:美元稳定币或推动美元化,必须时刻保持警惕
第一财经·2025-06-19 02:53