Airwallex CEO questions the practical value of stablecoins and the application scenarios of Crypto Assets.

2025-06-08 12:11:42

Gate News bot message, Airwallex co-founder and CEO Jack Zhang expressed his views on the practical applications of stablecoins. He pointed out that the cost of converting stablecoins into fiat currency is higher than the trading fees in the traditional interbank forex market. Even if the stablecoin itself maintains price stability, it does not demonstrate a cost advantage when the receiving party needs to credit it in local currency (such as EUR).

Jack Zhang also expressed his observations on the current state of cryptocurrency development, stating that “after 15 years, we still haven’t seen real use cases for cryptocurrency.” He emphasized that “issuing currency is the responsibility of central banks” and positioned stablecoins as financial speculation tools.

Source of information: Wu Shuo

Original link

BOT-13.72%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.