Wu reported that Jack Zhang, co-founder and CEO of the cross-border payment unicorn Airwallex, published an article questioning the actual use of stablecoins. He stated that even if stablecoin prices are stable, if the recipient still requires settlement in local currency (such as EUR), the cost of getting out of positions with stablecoins is much higher than that of the traditional interbank forex market, making it difficult to save on fees. In addition, Jack bluntly stated "15
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Wu reported that Jack Zhang, co-founder and CEO of the cross-border payment unicorn Airwallex, published an article questioning the actual use of stablecoins. He stated that even if stablecoin prices are stable, if the recipient still requires settlement in local currency (such as EUR), the cost of getting out of positions with stablecoins is much higher than that of the traditional interbank forex market, making it difficult to save on fees. In addition, Jack bluntly stated "15