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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Xiao Feng: Stablecoins can enhance Financial Service, and it is recommended to gradually promote related pilot projects in a phased, hierarchical, and regional manner.
On June 21, Xiao Feng, Chairman of CEX Group, recently accepted an interview with a reporter from the 21st Century Business Herald. Xiao Feng believes that stablecoins can enhance the accessibility of Financial Services in underdeveloped areas. This is also the reason why Africa has the largest user base of USD stablecoins. In the field of cross-border payments, the traditional method of “bank + Swift” may face the impact of stablecoins. Xiao Feng believes they should explore new roles and service methods. In addition, regarding the recent mention of stablecoins by the Central Bank, Xiao Feng sees this as a positive signal and suggests a step-by-step, tiered, and regional approach to gradually promote relevant pilot programs, with Hong Kong serving as a testing ground for the offshore market.