Jack Zhang, CEO of Airwallex, emphasized that stablecoins are crucial for building an Internet currency ecosystem, rather than merely facilitating global currency flows. Zhang noted that platforms like Stripe, Revolut, and Airwallex possess the necessary distribution capabilities to integrate stablecoins into their products, transforming existing currencies into stablecoins and creating new financial products. He also pointed out that the Genius Act's prohibition on issuers paying returns aligns with central banks' positions, posing challenges for startups. Zhang concluded that stablecoins represent a distribution challenge rather than a technological one.
Airwallex CEO Highlights Stablecoins' Role in Internet Currency Ecosystem
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