Liu Yuanchun, President of Shanghai University of Finance and Economics, has highlighted the potential benefits of fully implementing US dollar stablecoins in mitigating risks associated with US debt. Recent US legislation supporting digital finance and currencies aims to enhance the dollar's global stability and penetration. This development comes amid renewed discussions on 'de-dollarization.' Steve Siddique, Director of the East Asian Institute at the National University of Singapore, added that while the US's adoption of cryptocurrencies and stablecoins is promoting a global trend towards 'dollarization,' it also underscores the risks of excessive reliance on the dollar. The discourse reflects growing concerns about the balance between leveraging digital currencies and managing economic dependencies.