Shanghai University of Finance and Economics President: The comprehensive implementation and promotion of stablecoins has alleviated risks in U.S. Treasury bonds

ChainCatcher news, according to Lianhe Zaobao, the trend of "de-dollarization" has recently become a focus again. Liu Yuanchun, president of Shanghai University of Finance and Economics, stated that the recent U.S. legislation on digital finance and digital currencies, which allows for the full implementation and promotion of U.S. dollar stablecoins, not only consolidates the penetration and stability of the dollar in the global system but also alleviates the risks presented by U.S. debt.

Xi Ruide, director of the East Asian Institute at the National University of Singapore, pointed out that on one hand, the U.S. embraces cryptocurrencies and stablecoins, promoting a trend of "dollarization" globally; on the other hand, the potential risks of over-reliance on the dollar are becoming increasingly evident.