Analysis: Stablecoins creating demand for U.S. debt investment is just a side effect, and they may be used to pay tuition fees in Hong Kong in the future

Odaily News China Economic Weekly interviewed Zhu Taihui, a specially-appointed senior researcher at the National Finance and Development Laboratory, who pointed out that it is not appropriate to call this year the first year of compliance for stablecoins. The focus of the United States in developing stablecoins is not to ease debt, and creating a new investment demand for U.S. Treasury bonds is only a side effect. At present, some stores and shopping malls in the United States, Singapore, Europe and other places already support stablecoin on-site payment. In Hong Kong and other regions, with the gradual opening of regulatory policies and the maturity of technology, it may become a reality for individuals to use stablecoins to pay tuition fees in the future. (Peoples Daily Online)