TechFlow news, June 29 — According to Financial News, Minsheng Securities released a research report stating that, at least in the short term, stablecoins cannot rescue the U.S. dollar's credibility. The problem with the dollar lies in identifying counterparty risks; without even considering domestic and private sector preferences within the U.S., overseas official reserves alone may be enough to make the dollar nervous. The difference between stablecoins and gold is twofold: first, stablecoin supply could similarly spiral out of control due to a lack of objective constraints; second, they are not globally recognized as reliable reserve assets.
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