According to reports from Wu, Airwallex co-founder and CEO Jack Zhang questioned the actual use of stablecoins. He pointed out that even if the price of stablecoins is stable, if the recipient requests settlement in local currency, the cost is higher than that of traditional foreign exchange markets. Jack also stated that he has not seen any practical use cases for cryptocurrencies in 15 years and believes that issuing currency is the responsibility of central banks, with stablecoins merely serving as financial speculation tools.