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Xiao Feng: Stablecoins can enhance financial services, suggests advancing related pilots in a step-by-step, hierarchical, and regional manner
Summary: In a recent interview with 21st Century Business Herald, Xiao Feng, Chairman of HashKey Group, stated that stablecoins can improve the accessibility of financial services in underdeveloped regions. This is also why Africa has the largest group of users of USD stablecoins. In the field of cross-border payments, the traditional method of banks + Swift ...
In a recent interview with 21st Century Business Herald, Xiao Feng, Chairman of HashKey Group, stated that stablecoins can improve the accessibility of financial services in underdeveloped regions. This is also why Africa has the largest group of users of USD stablecoins.
In the field of cross-border payments, the traditional method of banks + Swift may face challenges from stablecoins. Xiao Feng believes they should explore new roles and service methods.
Furthermore, regarding the recent mention of stablecoins by the central bank, Xiao Feng sees this as a positive signal and suggests advancing related pilots in a step-by-step, hierarchical, and regional manner, with Hong Kong serving as a testing ground for offshore markets.
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Link: Xiao Feng: Stablecoins can enhance financial services, suggests advancing related pilots in a step-by-step, hierarchical, and regional manner [Copy]
