[Former Governor of China's Central Bank: Stablecoin Development Requires Multidimensional Balance and Regulation] Odaily Planet Daily News – According to a report by the Financial Forty Forum, Zhou Xiaochuan, former governor of the People's Bank of China, recently shared his views, comprehensively examining the development prospects and potential risks of stablecoins from six dimensions. He pointed out that stablecoins could lead to excessive currency issuance and amplified risks of high leverage, with their magnifying effects manifesting through lending, collateral financing, and asset market trading channels. Zhou Xiaochuan questioned the actual demand for decentralization and tokenization, arguing that the existing centralized account management systems perform well. He emphasized the need to prevent price manipulation in stablecoin market transactions, stating that commercial institutions issuing stablecoins should balance profit motives with a spirit of public service. Additionally, he noted the limited appeal of cross-border payment application scenarios. Zhou Xiaochuan called for a multidimensional analysis of stablecoin development paths to avoid one-sided thinking and the imprecise use of concepts.