Zhou Xiaochuan: Dollar stablecoins may assist dollarization, and the impact of dollarization on the economy is highly controversial
2025-06-18 08:27:59
Zhou Xiaochuan, former governor of the People's Bank of China, said at the 2025 Lujiazui Forum that the stablecoin that is talked about more now is the dollar stablecoin. Although there are other places that want to issue local currency stablecoins, its role in the world is still "difficult to say", and the dollar stablecoin may have a global impact. Zhou Xiaochuan believes that the dollar stablecoin may assist dollarization. The impact of dollarization on the economy is highly controversial. Unless faced with high inflation, high debt and other unavoidable situations, there may be many side effects of dollarization. He suggested that when talking about the possible role of stablecoins in the future, it is necessary to "have a string" in your mind to think about whether to engage in dollarization and the economic impact of dollarization on specific countries. (Shanghai Securities News)
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