Viewpoint: Stablecoins cannot save the credit of the US dollar from fire and water in the short term

According to a report by Golden Finance, Minsheng Securities has released a research report stating that stablecoins cannot rescue the credit of the US dollar in the short term. The difference between stablecoins and gold is that their supply may also spiral out of control and lack objective constraint mechanisms; Secondly, it is not globally recognized as a reliable reserve asset. Minsheng Securities' main viewpoint is that the growth of stablecoin market value will mainly come from speculation, investment, or preservation needs for digital assets, as well as new demand for participating in international trade settlements. Perhaps time can solve the problem, but at least in recent years, stablecoins have not been able to truly stabilize the US dollar.