Former President of Bank of China: Stablecoins have the potential for innovative financial convenience, but there are also systemic financial risks

According to BlockBeats, on July 27th, Li Lihui, former governor of Bank of China, stated at the "2025 International Monetary Forum" that stablecoins have the potential to innovate financial convenience, but there are also systemic financial risks. He stated that the United States hopes to bundle stablecoins with the US dollar to maintain global monetary and financial hegemony. If the United States cannot improve its dual deficits or affect its currency stability. In addition, he pointed out that Hong Kong stablecoins can relax domestic access and help internationalize the renminbi when conditions are met. He also emphasized 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.