Jack Zhang’s Stablecoin Skepticism Drives Shift in Fintech Strategy

Jack Zhang, co-founder of Airwallex, challenges the technological focus of stablecoins, emphasizing their crucial role as building blocks for a robust Internet currency ecosystem. He argues that regulatory clarity is paramount for stablecoin adoption in the financial sector. In his view, these digital currencies should not be viewed solely as solutions for global payments but rather as tools within an interconnected financial infrastructure. ]