Stasis founder: Stabilizing a stable currency in a single currency can promote the internationalization of legal currency

Around Libra, Facebook's stable currency project, Gregory Klumov, founder and CEO of Stables, a stable currency company, expressed his views on stable coins. Klumov said that some regulators have taken a hostile attitude toward stable currencies because they feel that certain structures threaten national interests and the ability to implement monetary policy. However, the stable currency supported by a single currency does exactly the opposite. In fact, it has promoted the national currency to go beyond national borders, which is what every country expects. Klumov also said that the stable dollar anchoring the dollar dominates the market, as all new assets are backed by the dollar and, most importantly, the interest rate is positive, which means there are some favorable factors that can support costly business. In Europe, interest rates are negative.