Odaily Planet Daily News: Ray Dalio, founder of Bridgewater Associates, published an article today talking about stablecoins and cryptocurrencies. His core views include: 1. He does not believe that relaxing the regulation of cryptocurrencies will threaten the US dollar's status as a reserve currency, but the bad debt situation of the US dollar and other reserve currency governments affects their attractiveness as reserve currencies and means of storing wealth, which has always been one of the factors driving up the prices of gold and cryptocurrencies.

2. We do not believe that stablecoins’ exposure to government bonds poses a systemic risk. The real risk is the decline in the actual purchasing power of government bonds, which should not pose any systemic risk if stablecoins are well regulated.

3. Cryptocurrency is now an alternative currency with a limited supply, so all things being equal, if the US dollar money supply increases and/or demand for it decreases, this could make cryptocurrency an attractive alternative currency.