On the 18th, Zhou Xiaochuan said at the 2025 Lujiazui Forum that the US dollar stablecoin may bring a problem that needs to be vigilant, that is, it will further promote the phenomenon of dollarization. Zhou Xiaochuan said that according to the current conception of the US dollar stablecoin, its main role may be to improve the efficiency of transactions and remittances, and secondly, to activate the purchase of other assets. This may further promote the phenomenon of dollarization. For example, in Central America and some countries in economic transition, dollarization to varying degrees already exists. And dollarization may have many side effects on the economy, especially for those countries that have not yet fallen into high inflation or high debt. Is dollarization really suitable for them? Therefore, when discussing stablecoins, the pros and cons of dollarization must be taken into account.