Wang Yongli: The rise of USD stable coins endangers China's currency stability-required for action!

Wang Yongli: The rise of USD stable coins endangers China's currency stability-required for action!
The warning of Wang Yongli: Ford for China's currency position through USD stable coins
In a current statement, the former Bank of China manager Wang Yongli pointed out the growing threat, which represent USD stable for the monetary position of China. Stable coins that are bound to the US dollar are becoming increasingly important and could have significant effects on the global financial landscape.
Wang emphasizes that the increasing use of USD stable coins could not only strengthen the dollar as a dominant reserve currency, but would also increase the challenges for the Chinese currency, the Renminbi. The possible emigration of capital to Stablecoins could have the potential to endanger China's economic stability.
In view of this dynamic, Wang pushes Wang to a stronger reaction on the part of the Chinese authorities. He emphasizes the need to develop suitable strategies for adapting to the changes in the global financial system and demands that China react proactively to developments to ensure its own currency stability.This warning shows a further indication of how important it is for countries to keep an eye on the development and influence of digital currencies, especially stable coins. The challenges that arise from the use of stablecoins require well -thought -out measures to protect the economic integrity and monetary interests of the country.