hedong

The chief economist of the ASEAN+3 Macroeconomic Research Office (AMRO), He Dong, stated that stablecoins issued by non-bank institutions do not have the ability to create money, and their capacity to serve the real economy is limited, making it difficult for them to become a major part of the money market in the long term.
At the same time, the People's Bank of China also pointed out that stablecoins carry risks of money laundering and fraud. Currently, many regions around the world are studying the development of digital currencies, including central banks, banks, and non-bank financial institutions that are launching various new payment tools.
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