Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown
Key Takeaways: Zhou Xiaochuan warns that full-reserve stablecoins can still amplify systemic risk through leverage and trading channels. The Hong Kong and U.S. frameworks have begun addressing custody and issuance, but Zhou calls the current oversight insufficient. A new study suggests stablecoins face a one-in-three chance of collapse over the next decade due to crisis-induced…
