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Federal Reserve Board Governor Milan delivered a speech
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Australia Composite PMI Prelim (Dec)--
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[Former Governor Of China's Central Bank Zhou Xiaochuan: US Dollar Stablecoins May Assist Dollarization, And The Impact Of Dollarization On The Economy Is Controversial] According To The Shanghai Securities News, Zhou Xiaochuan, Former Governor Of China's Central Bank, Said At The 2025 Lujiazui Forum That The Most Talked About Stablecoins Now Are US Dollar Stablecoins. Although Other Places Want To Issue Local Currency Stablecoins, It Is "hard To Say" What Role They Can Play In The World, While US Dollar Stablecoins May Have A Global Impact. Zhou Xiaochuan Believes That US Dollar Stablecoins May Assist Dollarization. The Impact Of Dollarization On The Economy Is Controversial. Unless Faced With High Inflation, High Debt And Other Unavoidable Situations, Dollarization May Bring Many Side Effects. He Suggested That When Talking About The Role That Stablecoins May Play In The Future, You Need To "have A String" In Your Mind And Think About Whether To Dollarize And The Economic Impact Of Dollarization On Specific Countries

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