During the 2025 Lujiazui Forum in Shanghai, Zhou Xiaochuan highlighted the economic risks associated with dollarization from stablecoins pegged to the US dollar, emphasizing the significant adverse effects it could create globally.
Zhou specifically mentioned Tether USDT (USDT), which holds a market cap of 155.60 billion USD and influences the rising presence of dollarization in economies, necessitating cautious management by countries.
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