Zhou Xiaochuan, ex-PBOC governor, said at the 2025 Lujiazui Forum that dollar-backed stablecoins dominate global discussions.  
Other regions may issue local stablecoins, but their global impact remains uncertain. Dollar stablecoins could strengthen dollarization, a controversial economic move.  
He warned against dollarization unless facing extreme crises like hyperinflation or high debt.  
When discussing stablecoins' future role, he urged considering dollarization's potential downsides for sp

Zhou Xiaochuan's insights on dollar stablecoins are super fascinating, highlighting both their global influence and the need for cautious economic strategies