周小川：美元稳定币或推动美元化，必须保持警惕｜政策与监管

Core Viewpoint - The article emphasizes the potential benefits and risks associated with the development of USD stablecoins, particularly their role in enhancing transaction efficiency and potentially promoting dollarization, which could have significant economic implications [1][2][3][4]. Group 1: USD Stablecoins - USD stablecoins are expected to improve transaction and remittance efficiency, as well as stimulate purchases of other assets, including digital and crypto assets [3][4]. - The emergence of USD stablecoins may further drive the phenomenon of dollarization, which is already observed in Central America and some transitioning economies [3][4]. - The article warns that dollarization can have various adverse effects on economies, and it is crucial to assess its implications for countries not currently facing high inflation or debt issues [4]. Group 2: Global Monetary Policy Coordination - The current global economic environment shows insufficient growth momentum, necessitating countries to consider global financial stability while pursuing their monetary policy goals [7]. - There is a need for enhanced communication and research among monetary authorities to achieve greater international consensus on monetary policy coordination [7][8]. - The article highlights the lack of established rules for global monetary policy coordination, with no dedicated institution, tools, or consensus currently in place [8].