PANews June 8 news, cross-border payment unicorn Airwallex co-founder and CEO Jack Zhang questioned the practical use of stablecoins. He stated that even if the price of stablecoins is stable, if the recipient still requests to be credited in local currency (such as EUR), the exit cost of stablecoins is much higher than that of the traditional interbank foreign exchange market, making it difficult to save on costs. In addition, Jack bluntly said, 'It has been 15 years and I still haven't seen a practical use case for cryptocurrencies', and stated, 'Issuing currency is the responsibility of central banks', believing that stablecoins are merely financial speculation tools.
