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Zhao Changpeng: 'CBDC is outdated, stablecoins are more advantageous.'

Summary: According to Coinness, Zhao Changpeng stated, 'Central Bank Digital Currency (CBDC) is outdated. In comparison, stablecoins are receiving more attention.' He further added during a session at the WebX conference held in Tokyo, Japan on the 25th, 'Stablecoins mostly have physical collateral and support, with high trading volume, hence higher market acceptance. On the other ...

According to Coinness, Zhao Changpeng stated, 'Central Bank Digital Currency (CBDC) is outdated. In comparison, stablecoins are receiving more attention.' He further added during a session at the WebX conference held in Tokyo, Japan on the 25th, 'Stablecoins mostly have physical collateral and support, with high trading volume, hence higher market acceptance. On the other hand, CBDC was attempted in some countries in 2013-2014 but gradually faded into obscurity due to lack of demand, with few current use cases. Recently, China's regulatory stance on stablecoins is shifting from strict to more open, and Hong Kong is actively developing a stablecoin ecosystem.'

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