🇺🇸 Stablecoins linked to the U.S. dollar could reshape the global financial system, says Zhang Ming of the Chinese Academy of Social Sciences. Their connection to the greenback strengthens the dollar’s hegemony, especially in inflation-hit countries. 💱📈 Ming highlights stablecoins’ role in providing liquidity to the DeFi ecosystem. 🇨🇳 To counter this, Ming suggests China issue its own stable currency and promote the digital yuan. He also advocates for an e-SDR under the IMF to diversify the global monetary system. How do you see the future of digital currencies in shaping global finance?