Odaily Planet Daily News: China Economic Net's "Economic Daily" published an article today titled "Instability Risks Behind Stablecoins", stating that the stablecoin market has continued to heat up recently, with Circle experiencing a 168% surge on its first day of trading, causing high market attention. The current global market value of stablecoins is 250 billion US dollars.
According to its analysis, stablecoins can bypass some traditional intermediaries and directly complete payments, storage, and value transfer on the blockchain, which has practical significance in scenarios that require high-frequency transactions, cross-border transfers, and digital economy settlements.
But when there is a shortage of reserves or large-scale redemptions, stablecoins may face decoupling risks. The regulatory framework for stablecoins on a global scale has not yet been fully established, which may lead to risks such as regulatory arbitrage. If there are differences in regulatory standards among countries in the future, the global circulation of stablecoins may be hindered. At present, stablecoins still face a series of challenges and uncertainties, with the core issue being their high dependence on the liquidity and credit security of anchored assets.
