Swift Asia Pacific President: The globalization of stablecoins needs to address cross-system interaction and regulatory issues.

OnChainDetective · 2025-06-25T11:42:26+00:00

On June 25, during an interview, Huang Shijin, President of Swift Asia Pacific, stated that the organization maintains a "neutral observation" stance towards the rapidly developing stablecoins. He mentioned that Swift has been closely following the evolution of new technologies and new forms of value. However, whether it is Central Bank Digital Currency, stablecoins, or any digital asset, a fundamental challenge that cannot be avoided in achieving safe and scalable use globally is ensuring secure and seamless interaction between different systems and technologies. This is a key factor in unlocking the potential of these new technologies and value solutions. Ultimately, it will also face a series of regulatory tasks, such as KYC and AML, to ensure the credibility of Financial Services and the stability of the financial system, and naturally, it will also confront the "last mile" issue.

OnChainDetective

2025-06-25 11:42:26

On June 25, Huang Shijin, the President of Swift Asia Pacific, stated in a recent interview that his attitude towards the rapidly developing stablecoin is one of “neutral observation.” He mentioned that Swift has been closely following the evolution of new technologies and new forms of value. However, whether it is Central Bank Digital Currency, stablecoins, or any digital assets, a crucial issue that cannot be avoided in establishing secure and scalable usage globally is ensuring safe and seamless interaction between different systems and technologies. This is a key factor in unlocking the potential of these new technologies and new forms of value solutions. Ultimately, it will also face a series of regulatory tasks, including KYC and Money Laundering, to ensure the credibility of financial services and the stability of the financial system, and naturally, it will confront the “last mile” problem.

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.

14 Likes