Expert Opinion: Stablecoins Are Hard to Become the Mainstream in the Currency Market

GateNews

2025-12-03 01:17:27

BlockBeats news, on December 3rd, He Dong, chief economist of the ASEAN+3 Macroeconomic Research Office (AMRO), stated that stablecoins issued by non-bank institutions do not have the ability to create money and have limited capacity to serve the real economy, making it difficult for them to become mainstream in the monetary market in the long run. Meanwhile, the People's Bank of China has also pointed out that stablecoins carry risks of Money Laundering and fraud. Currently, various regions around the world are researching and developing Digital Money, including Central Banks, banks, and non-bank Financial Institutions that are launching different new payment tools.

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