Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, has made a new statement. Speaking at the WebX2025 event in Tokyo, Japan, CZ mentioned that stablecoins are not only growing but also surpassing central bank digital currencies (CBDC) and are now outdated.
CZ noted that stablecoins are better than CBDCs in many aspects. CZ stated that stablecoins are often backed by real assets and facilitate broader transactions; they are more widely accepted by the market compared to CBDCs.
CZ stated that the stability, easy accessibility, and openness to innovation of stablecoins, along with lower fees and faster transaction times, make them attractive and offer strong advantages that CBDC has yet to achieve.
He pointed out that while the adoption of stablecoins is increasing daily, conversely, CBDCs are hardly adopted, and the experiments of many countries from 2013-2014 are now outdated.
Finally, CZ stated that China's strict stance on stablecoins has changed and added that Hong Kong is playing an active role in this.
“Stablecoins are assets primarily secured by collateral and real currency. They can be used in more transactions than CBDCs and are more widely accepted by the market.
“On the other hand, CBDCs are gradually disappearing due to a lack of demand and are currently almost not adopted. China, Hong Kong, and other countries are actively pursuing the development of the stablecoin ecosystem.”