Opinion: The "Genius Act" reflects the US's desire to maintain the dollar's dominance in the digitalization of payment infrastru
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最新报道：According to Bijie.com and ME News, on September 25th (UTC+8), Morgan Stanley's Chief Economist for China, Xing Ziqiang, noted that the US "Genius Act" essentially reflects the US desire to maintain the dollar's dominance during the digitalization phase of payment infrastructure. While the US dollar stablecoin bill may further strengthen the dollar's international status in the short term, it could also further expose the risk of the global payment system being overly dependent on the dollar as a single point of risk. Xing Ziqiang analyzed that the Federal Reserve has already begun a cycle of interest rate cuts, leading to a long-term bearish outlook on the dollar. A decline in US real interest rates could weaken global demand for the dollar and US Treasuries, leading to a depreciation of the dollar and increased volatility in the US Treasury market.
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