TechFlow, on September 21, according to Lianhe Zaobao, the "de-dollarization" trend has recently regained attention. Liu Yuanchun, president of Shanghai University of Finance and Economics, stated that the United States' recent legislation on digital finance and digital currency, allowing for the full implementation and advancement of dollar-backed stablecoins, not only reinforces the penetration and stability of the U.S. dollar within the global system but also mitigates risks associated with U.S. debt. Arndt Xie, director of the East Asian Institute at the National University of Singapore, pointed out that on one hand, the U.S. embracing cryptocurrencies and stablecoins is driving a global "dollarization" trend; on the other hand, the potential risks of over-reliance on the dollar are becoming increasingly evident.
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