CZ

Zhao Changpeng: Stablecoins are superior to central bank digital currencies, which have become outdated
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On August 25, at the WeX2025 event held in Japan, Binance founder Zhao Changpeng stated that there are significant differences between stablecoins and central bank digital currencies. Stablecoins often have real backing and allow for more transactions, which enables them to gain higher market acceptance. In contrast, central bank digital currencies are currently almost at zero adoption. Many countries attempted to explore this as early as 2013 and 2014, but due to a lack of attractiveness, they have gradually become outdated. Additionally, Zhao Changpeng mentioned that China's attitude toward stablecoin-related fields has shifted from strict control to openness, with Hong Kong actively engaging in stablecoin initiatives.