Viewpoint: Some countries' strong promotion of single polarized stablecoins will exacerbate systemic risks due to hidden dangers such as the volatility and spillover of US bonds and dollars

BlockBeats News: On July 27th, Chen Yulu, President of Nankai University, stated in her opening speech at the "2025 International Financial Forum" that artificial intelligence and the digital economy are reshaping the global economic development process, and digital currency has become a core variable in the reconstruction of the international monetary system. He emphasized that the strong promotion of single polarized stablecoins by certain countries will exacerbate systemic risks due to five major risks: deviating from the multipolar pattern, amplifying traditional financial risks, spillover of US Treasury and US dollar volatility, increasing new transmission channels for traditional currency mismatches, and regulatory vacuum. Chen Yulu called for adhering to the three principles of "value authenticity, system stability, and inclusiveness", promoting the coordinated development of central bank digital currencies and compliant stablecoins, jointly building a multilateral digital currency liquidity mutual assistance network, and working together with the "Global South" to build an equal and mutually beneficial digital Silk Road, shaping a new global digital currency financial order that is inclusive and inclusive. (Economic Observer Network)