Eswar S. Prasad, a former IMF official and Cornell University professor, has highlighted the paradox of stablecoins in his latest article, "The Stablecoin Paradox." While stablecoins are praised for reducing payment costs, improving cross-border transfer efficiency, and promoting financial inclusion, Prasad argues that they may inherently concentrate financial power, reinforce the dominance of the U.S. dollar, and reshape the international monetary system.