Recently, discussions in the financial markets regarding the credit issues of the US dollar have become increasingly heated. Some believe that stablecoins may be the key to saving the credit of the US dollar. However, a recent research report has called this into question.

According to analysts, stablecoins are unlikely to become a savior of US dollar credit in the short term. This view is based on two main factors: first, the supply of stablecoins lacks effective constraints, which may lead to a loss of control; second, the global market has not yet widely accepted stablecoins as a reliable reserve asset.

The report emphasizes that the growth of the stablecoin market capitalization mainly stems from three aspects: speculation and investment demand for digital assets, demand for value preservation, and emerging applications in international trade settlement. However, these factors are not sufficient to truly stabilize the dollar in the short term.

Experts predict that the development of the stablecoin market may take longer to have a substantial impact on the credit of the US dollar. Nevertheless, the role of stablecoins in the digital economy remains noteworthy, as they could play an important role in the future financial ecosystem.

With the continuous advancement of digital currency technology and the gradual improvement of the regulatory environment, the potential of stablecoins may be further unleashed. However, at present, it still cannot serve as an immediate remedy for the credit issues of the US dollar. The financial sector still needs to continue exploring more comprehensive solutions to address current economic challenges.