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@safestar
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 impact remains uncertain. Dollar stablecoins could amplify dollarization’s influence worldwide. Dollarization’s economic effects are debated—it often brings downsides unless tackling extreme inflation or debt. He warned to weigh dollarization’s risks carefully when considering stablecoins’ future role.
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