TechFlow news, October 22 — According to Lianhe Zaobao, "father of the Linked Exchange Rate System" John Greenwood advised against stablecoins during a press conference in Hong Kong, stating that stablecoins are essentially a stepping stone for fiat currencies to enter the realm of crypto assets. He expressed opposition to promoting crypto assets due to their instability, unreliability, and frequent use in illegal activities. Instead of developing stablecoins, he suggested it would be better to build domestic and international instant payment systems to accelerate transaction speeds within the banking system.
Add to Favorites
Share to Social Media
