[Experts Say Stablecoins Are Unlikely to Become Mainstream in the Currency Market] Hoe Ee Khor, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), stated that stablecoins issued by non-bank institutions lack the ability to create money and have limited capacity to serve the real economy. In the long run, they are unlikely to become mainstream in the currency market. Meanwhile, the People's Bank of China pointed out that stablecoins pose risks such as money laundering and fraud. Currently, multiple regions around the world are exploring the development of digital currencies, including new payment tools launched by central banks, banks, and non-bank financial institutions.