PANews reported on June 18 that Zhou Xiaochuan, former governor of the People's Bank of China, said at the 2025 Lujiazui Forum that the US dollar stablecoin may have anPANews reported on June 18 that Zhou Xiaochuan, former governor of the People's Bank of China, said at the 2025 Lujiazui Forum that the US dollar stablecoin may have an
Zhou Xiaochuan: US dollar stablecoin may boost dollarization
PANews reported on June 18 that Zhou Xiaochuan, former governor of the People's Bank of China, said at the 2025 Lujiazui Forum that the US dollar stablecoin may have an impact on the global economy and assist dollarization to a certain extent. He pointed out that although some regions have tried to issue local currency stablecoins, their global role is still difficult to determine, while the US dollar stablecoin may have a wider impact.
Zhou Xiaochuan stressed that the impact of dollarization on the economy is controversial, except in special circumstances such as high inflation and high debt, dollarization may bring many side effects. He reminded that when discussing the future role of stablecoins, the potential impact of dollarization on the economy of specific countries should be fully considered.
Market Opportunity
MAY Price(MAY)
$0.01265
$0.01265$0.01265
USD
MAY (MAY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
What Changes Is Blockchain Bringing to Digital Payments in 2026?
Online services begin to operate as payment ecosystems. Whole industries restructure how they interact with users by combining infrastructure under a single interface
Share
Cryptodaily2025/12/23 00:39
UK Looks to US to Adopt More Crypto-Friendly Approach
The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation. UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter. The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy. Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider. Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21
Gold continues to hit new highs. How to invest in gold in the crypto market?
As Bitcoin encounters a "value winter", real-world gold is recasting the iron curtain of value on the blockchain.
Share
PANews2025/04/14 17:12