Dan Katz: Local currency stabilization currency may accelerate the shift of users to digital dollars

According to Cointelegraph, the First Vice-President of the International Monetary Fund, Dan Katz, suggested that local currency stabilization currency could accelerate the shift of users to digital dollars and weaken the authorities ' ability to regulate capital flows. He noted that users could convert local or dollar-stabilized currencies by going to the centralized exchange or point-to-point, and that United States dollar coins had advantages such as liquidity, network effects and cross-border use。