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John Greenwood, Founder of Lianhui: Stay Away from Stablecoins and Improve Banking System Transaction Speed
Summary: During a press conference in Hong Kong, John Greenwood, known as the 'Father of Lianhui', advised against stablecoins, stating that they are essentially a stepping stone for fiat currencies entering the realm of crypto assets. He does not support the promotion of crypto assets due to their instability, unreliability, and frequent use for illicit purposes. ...
During a press conference in Hong Kong, John Greenwood, known as the 'Father of Lianhui', advised against stablecoins, stating that they are essentially a stepping stone for fiat currencies entering the realm of crypto assets. He does not support the promotion of crypto assets due to their instability, unreliability, and frequent use for illicit purposes. Instead of developing stablecoins, he suggests building instant transfer systems domestically and internationally to accelerate transaction speed within the banking system. (Lianhe Zaobao)
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Link: John Greenwood, Founder of Lianhui: Stay Away from Stablecoins and Improve Banking System Transaction Speed [Copy]
