TechFlow news, October 27: In an interview with Caixin, CZ stated that stablecoins can support the real economy in multiple ways beyond facilitating cross-border payments:
First, stablecoin issuers invest most of their funds in U.S. Treasuries, making stablecoin issuance a form of financing for government authorities—an opportunity no country would want to miss;
Second, the development of the crypto industry drives innovation across upstream and downstream sectors such as power and energy, similar to how the growth of the gaming industry propelled chip companies like NVIDIA;
Third, the development of stablecoins provides liquidity functions for on-chain financing, particularly attracting substantial capital from investors outside their domestic currency jurisdictions.
