Zhu Guangyao, former vice minister of the Ministry of Finance: The United States is trying to use stablecoins to start the third phase of the Bretton Woods system

By: odaily.com|2025/07/11 09:21:37

Odaily News Regarding the impact of digital currencies, especially stablecoins, on the global monetary system, Zhu Guangyao, former vice minister of the Ministry of Finance, stated at the 2025 China International Issues Forum on World Order and Chinas Foreign Strategy in a Period of Turbulence and Change held on June 26 that the United States is trying to start the third phase of the Bretton Woods system by promoting stablecoins in order to maintain and consolidate the global dominance of the US dollar.
He analyzed that under the background that the existing Bretton Woods system (the dollar is linked to oil) is unsustainable, the United States is facing huge pressure from high national debt. To this end, the United States has recently adopted a series of fiscal and financial strategies, including:
Repurchase of Treasury bonds: The Ministry of Finance repurchased Treasury bonds to ease pressure.
Adjusting bank regulation: The Federal Reserve relaxed regulatory requirements on banks holdings of U.S. Treasuries, releasing a large amount of liquidity.
Revaluing gold reserves: Adjusting the way gold is accounted for could potentially release huge amounts of “book value”.
Pushing for the Stablecoin Bill: The U.S. Senate has passed the Stablecoin Bill, and Trump and other officials have made it clear that dollar-pegged stablecoins will serve as a multiplier of the dollars strength, expanding the use of the dollar globally while reducing government borrowing costs.
Zhu Guangyao emphasized that this kind of dollar stablecoin will be a strongly centralized product that is pegged 1:1 to dollar assets and subject to strict U.S. supervision, rather than a victory for decentralized finance. He called on all countries to pay close attention to this strategic evolution and take strong measures to respond to its challenges to the global monetary landscape.

-- Price

The growth of AI-driven tools and community collaboration in Web3 has created new opportunities for developers worldwide. As a community partner and sponsor of the WEEX AI Trading Hackathon, Fluxor's mission to unify hackathon experiences and foster creative partnerships aligns with this spirit of collective innovation.

Houthi Deadline Countdown Begins | Rewire News Morning Brief

Trump's 48-Hour Ultimatum was issued on Saturday and expires on Monday night

Middle East Conflict Escalation and Rate Hike Expectation Trigger Worst Gold Sell-Off in 43 Years

The key reasons for the sharp decline include heightened oil prices due to Middle East conflict, suppressed interest rate cut expectations, and intensified selling pressure triggered by tightening USD liquidity.

The Largest Oil Reserve Release in History: Why Is the Oil Price Still Above 100?

4 billion barrels per day production, only covering 17% of the gap

AI Agent Can't Kill SaaS

The true moat is the singularity of data

This viral Beijing high school teacher, Jiang Xueqin, predicted America's downfall in advance

Jiang Xueqin's latest viewpoint in an interview with Carlson: The era of global cheap energy is coming to an end.

Interview with Bill, Head of Bitget AI: In the AI Trading Era, How Far Are We from "Earning While Lying Down"?

Bitget launches a three-tier AI product: GetAgent (Chatbot Assistant), Agent Hub (Developer Tool), GetClaw (One-Click Product), covering users from geeks to newbies.

Privacy Infrastructure and the WEEX AI Trading Hackathon

A privacy-first Web3 ecosystem using masternodes, encrypted messaging, and confidential payments to protect traders and AI strategies on-chain.

Meme Culture, Community Energy, and the WEEX AI Trading Hackathon

A community-driven meme token built around one of the internet's most recognizable characters.

RGAI: Exploring AI Agent Trading and Advancing the WEEX AI Trading Hackathon

A Solana-based AI agent project connecting automated trading strategies with on-chain token dynamics in AI-driven Web3 markets.

ForeGate: Bringing Decentralized Forecasting to the WEEX AI Trading Hackathon

A decentralized prediction market platform enabling users and builders to gauge probabilities and make informed decisions around future events in AI-enhanced Web3 environments.

Apello: Automating Web3 Community Management and Partnering with the WEEX AI Trading Hackathon

A community toolkit enabling builders to streamline engagement and participation as Web3 ecosystems evolve with AI and decentralized innovation. As a community partner and sponsor of the WEEX AI Trading Hackathon, Apello reflects the growing fusion of community-driven participation and technical creativity in the Web3 space. The platform's commitment to empowering community interaction and meaningful engagement aligns with this shared vision of innovation.

RootData: Delivering Structured Web3 Intelligence and Sparking the WEEX AI Trading Hackathon

A Web3 data platform enabling investors and builders to uncover market insights and informed decision-making in AI-powered trading.

As a community partner and sponsor of the WEEX AI Trading Hackathonm RootData has a shared focus on transparency, data integrity, and insight-driven innovation across AI trading and market research.

Firecrew: Elevating Trader Skill and Amplifying the WEEX AI Trading Hackathon

A trading education and community platform helping individuals build disciplined strategies and risk control that pair with AI-driven innovation.

CrazyLiveDAO: Building an AI Trading Education DAO in Step with the WEEX AI Trading Hackathon

A Solana-based DAO and membership community combining AI agents, live trading education, and Web3 tools for global Chinese investors.