President of Nankai University: The unilateral push for single-polar stablecoins by certain countries will exacerbate systemic risks due to spillover effects from US Treasury and dollar volatility

According to ChainCatcher, citing Economic Observer, Nankai University President Chen Yulu stated in his opening speech at the "2025 International Finance Forum" that artificial intelligence and the digital economy are reshaping the trajectory of global economic development, and digital currencies have become a core variable in the reconstruction of the international monetary system.

He emphasized that the unilateral promotion of single-polarized stablecoins by certain countries will exacerbate systemic risks due to five major concerns: deviation from a multipolar framework, amplification of traditional financial risks, spillover effects from US Treasury and dollar volatility, increased risk transmission channels from traditional currency mismatches, and regulatory vacuums.

Chen Yulu called for adherence to three key principles—intrinsic value, systemic robustness, and inclusive accessibility—to promote the coordinated development of central bank digital currencies and compliant stablecoins, jointly build a multilateral digital currency liquidity support network, and work together with the "Global South" to create an equitable and mutually beneficial Digital Silk Road, shaping a new, inclusive, and accessible global digital currency financial order.