Odaily Planet Daily News: Airwallex co-founder and CEO Jack Zhang questioned the practical use of stablecoins in a post on platform X. He stated: Investors keep asking me questions about stablecoins and how they reduce foreign exchange fees; if you transfer money from US dollars to euros, and the recipient still needs to receive euros in their bank, I don't see any way stablecoins can reduce fees — the conversion cost from stablecoins to the receiving currency is much higher than the foreign exchange interbank market. Cryptographic technology is an underappreciated field, and we have not seen any application cases of cryptographic technology in the past 15 years.