Minsheng Securities: In the short term, stablecoins cannot save the dollar's credit from crisis

ChainCatcher news, according to a report by the Financial界, Minsheng Securities released a research report stating that at least in the short term, stablecoins cannot save the dollar's credit from peril. The issue with the dollar lies in clarifying the counterparty; without considering domestic and private preferences in the United States, just the official reserves overseas might be enough to keep the dollar on edge. The difference between stablecoins and gold is that, first, their supply may also become uncontrollable, lacking an objective constraint mechanism; second, they are not globally recognized as reliable reserve assets.