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Li Lihui: If the United States fails to improve its double deficit, it may affect the stability of its stablecoin

According to online reports, the "2025 International Monetary Forum" will be held on July 27. Li Lihui, former governor of the Bank of China, believes that stablecoins have the role of innovative financial facilities, but they also pose systemic financial risks. He said that the United States hopes to bundle the stablecoin and the US dollar to maintain global monetary and financial hegemony. If the United States fails to improve its double deficit, it may affect its currency stability. In addition, he pointed out that Hong Kong's stablecoins can relax domestic access when conditions are met to help the internationalization of the RMB. He also stressed the need to track the dynamics of decentralized financial markets represented by the United States and enhance China's position in the global monetary and financial system.

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