Li Lihui: If the United States fails to improve its double deficit or affect the stability of its stablecoin
2025-07-27 11:41:37
The "2025 International Monetary Forum" was held on July 27. Li Lihui, former governor of the Bank of China, believes that stablecoins have the role of innovative financial convenience, but also pose systemic financial risks. He said that the United States hopes to bundle stablecoins with the US dollar to maintain global monetary and financial hegemony. If the United States fails to improve the double deficit, it may affect the stability of its currency value. In addition, he pointed out that Hong Kong stablecoins can ease domestic access when conditions are met to help the internationalization of the RMB. He also stressed the need to track the dynamics of decentralized financial marekts represented by the United States and enhance China's position in the global monetary and financial system.
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