TechFlow, July 27 — According to Sina Finance, the "2025 International Monetary Forum" was held on July 27. Li Lihui, former president of Bank of China, stated that stablecoins play a role in innovating financial convenience but also carry systemic financial risks.
He said that the United States hopes to tie stablecoins to the U.S. dollar to maintain its global monetary and financial dominance. If the U.S. fails to improve its twin deficits, it may affect the stability of its currency value. Additionally, he noted that Hong Kong-issued stablecoins could be granted easier access into mainland markets under certain conditions, thus supporting the internationalization of the RMB.
He also emphasized the need to monitor developments in decentralized financial markets led by the United States in order to enhance China's position within the global monetary and financial system.
