TechFlow news, June 18 — According to Sina Finance, the 2025 Lujiazui Forum opened today. Zhou Xiaochuan, Vice Chairman of the 12th National Committee of the Chinese People's Political Consultative Conference and former Governor of the People's Bank of China, mentioned during a panel discussion that there are currently many USD-pegged stablecoins in the market. Some other regions have also begun considering launching stablecoins denominated in their own local currencies, but it remains uncertain whether these will play any significant global role. USD-pegged stablecoins may exert global influence, but one concern must be noted: they could facilitate dollarization, which remains economically controversial and carries numerous side effects.
Zhou Xiaochuan stated that when discussing the potential future role of stablecoins, we must remain mindful of the implications for dollarization—particularly whether specific countries should pursue dollarization—and thoroughly study the economic impacts thereof.
