Minsheng Securities: Stablecoins cannot save the dollar from dire straits in the short term

Odaily News Minsheng Securities released a research report saying that, at least in the short term, stablecoins cannot save the dollar from a dire situation. The problem with the dollar is to figure out the counterparty. Regardless of the preferences of the U.S. and the public, the official overseas reserves alone may be enough to make the dollar nervous. The difference between stablecoins and gold is that, first, its supply may also get out of control and lack an objective constraint mechanism; second, it is not recognized globally as a reliable reserve asset. (Financial World)