Binance CEO Calls CBDCs ‘Outdated,’ Stablecoin Popularity Soars

The digital currency revolution is reshaping financial landscapes worldwide. Stablecoins are taking the lead in popularity, driving changes in how individuals and governments handle money. Central Bank Digital Currencies (CBDCs) struggle to keep up with this shift, facing challenges from the increasing appeal of stablecoins. πŸ“ˆ πŸ’° 🌐 Binance founder Changpeng Zhao (CZ) highlighted this trend at the WebX conference in Tokyo. He observed that governments are increasingly embracing stablecoins, citing Hong Kong’s Stablecoin Ordinance and the U.S.’ GENIUS Act as examples. πŸ›οΈ πŸ‡ΊπŸ‡Έ. πŸ‡­πŸ‡°