Nankai University President: Systemic Risks of Unipolar Stablecoins Must Be Prevented

On July 27, according to the Economic Observer Network, Chen Yulu, President of Nankai University, stated in his opening speech at the "2025 International Finance Forum" that artificial intelligence and the digital economy are reshaping the global economic development process, and digital currencies have become the core variable in the reconstruction of the international monetary system. He emphasized that the forceful promotion of unipolar stablecoins by individual countries will exacerbate systemic risks due to five major hidden dangers: "deviating from the multipolar pattern, amplifying traditional financial risks, the shock spillover of US debt and the US dollar, the increased new transmission channels for traditional currency mismatch risks, and regulatory vacuum." He called for adhering to the three principles of "value authenticity, system robustness, and inclusive inclusiveness" to promote the coordinated development of central bank digital currencies and compliant stablecoins, jointly build a multilateral digital currency liquidity mutual assistance network, join hands with the "Global South" to build an equal and mutually beneficial digital Silk Road, and shape an inclusive and universally beneficial new global digital currency financial order. [Techflow]