Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Airwallex CEO: Stablecoins Are Unlikely to Replace Traditional Cross-Border Payments

Airwallex CEO: Stablecoins Are Unlikely to Replace Traditional Cross-Border Payments

View original
ChaincatcherChaincatcher2025/06/08 14:14

Airwallex co-founder and CEO Jack Zhang questioned the practical use of stablecoins in a post on the X platform.

He stated: Investors keep asking me about stablecoins and how they reduce foreign exchange fees; if you transfer money from USD to EUR and the recipient still needs to receive EUR in their bank, I don't see any way stablecoins can reduce costs—the conversion cost from stablecoins to the recipient currency is much higher than the interbank forex market. Cryptocurrency is a misunderstood field, and in the past 15 years, no application cases of cryptocurrency have been seen.

News Image 0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!