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by: xpoolPosted on: August 27, 2025

Zhou Xiaochuan Warns of Potential Risks from China’s Stablecoin Push

Former PBOC Governor Zhou Xiaochuan has voiced strong opposition to China’s potential adoption of stablecoins, highlighting significant financial risks and concerns about dollarization. Speaking at events in Beijing and Shanghai, he cautioned that the introduction of USD-backed stablecoins could exacerbate US dollar dominance and disrupt China’s already robust financial system.

Related posts:

  1. China Easing Cryptocurrency Restrictions: Yuan-Backed Stablecoins on the Horizon
  2. China Plots Yuan-Backed Stablecoin to Counter Dollar Dominance
  3. China Unveils Yuan-Backed Stablecoin Pilot: Global Finance in Flux
  4. Former PBOC Governor Warns of Stablecoin Financial Instability
China Financial Stability Stablecoin

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