Binance’s CEO Changpeng Zhao has some doubts about stablecoins backed by fiat money.
Highlights
- Binance CEO Changpeng Zhao has some doubts about stablecoins backed by fiat money.
- Zhao argues that banks may represent a risk to stablecoins, which are tethered to fiat currencies like the US dollar or euro.
- Zhao believes that cryptocurrency exchanges should be more aggressive in helping to protect stablecoins from possible threats.
- Zhao’s remarks come at a time when stablecoins are gaining popularity in the cryptocurrency industry.
- The Information on this website is provided as general market commentary and does not constitute investment advice.
- We encourage you to do your own research before investing in any of these digital assets, which may be used as collateral for loans or other financial goods.
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