TechFlow reports, on December 3, He Dong, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), stated that stablecoins issued by non-bank institutions lack the ability to create money and have limited capacity in serving the real economy, making it difficult for them to become mainstream in the money market in the long run. Meanwhile, the People's Bank of China has also pointed out that stablecoins pose risks of money laundering and fraud. Currently, multiple regions worldwide are researching and developing digital currencies, with central banks, commercial banks, and non-bank financial institutions rolling out various new payment instruments.
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