At the WebX2025 event in Tokyo, the founder of the largest cryptocurrency exchange, Binance, Changpeng Zhao shared his views on stablecoins and central bank digital currencies (CBDCs).
Comparison of Stablecoins and CBDCs
Changpeng Zhao expressed the opinion that stablecoins outperform CBDCs in many aspects. He noted that stablecoins have advantages that make them more sought after in the market.
Reasons for the Rise of Stablecoins
According to Zhao, stablecoins are backed by real assets and enable a broader range of transactions. They offer stability, easy access, and lower fees, making them more appealing to users compared to CBDCs.
China's Changing Stance on Stablecoins
During his speech, Zhao also noted that China's strict stance on stablecoins has changed, and Hong Kong is actively participating in the development of the stablecoin ecosystem.
Changpeng Zhao's statements at WebX2025 highlight the growing significance of stablecoins in the cryptocurrency space and regulatory shifts regarding their use.
