Opinion: The Forced Promotion of Unipolar Stablecoins by Certain Countries Will Exacerbate Systemic Risks Due to Spillover Effects from US Treasury and Dollar Volatility

BlockBeats News, July 27 — At the opening ceremony of the "2025 International Finance Forum," Nankai University President Chen Yulu stated that artificial intelligence and the digital economy are reshaping the trajectory of global economic development, and digital currency has become a core variable in the reconstruction of the international monetary system.

He emphasized that the unilateral promotion of single-polar stablecoins by certain countries will exacerbate systemic risks due to five major hidden dangers: "deviating from a multipolar framework, amplifying traditional financial risks, spillover effects from US Treasury and dollar volatility, new transmission channels for traditional currency mismatch risks, 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 establish an equitable and mutually beneficial Digital Silk Road, shaping a new, inclusive, and accessible global digital currency financial order. (Economic Observer Network)