Changpeng Zhao, founder of Binance, the world's largest cryptocurrency exchange, made new statements. Speaking at the WebX2025 Event in Tokyo, Japan, CZ said that stablecoins have not only grown but have also outpaced central bank digital currencies (CBDCs) and are now obsolete. CZ noted that stablecoins are better than CBDCs in many aspects. Stating that stablecoins are generally backed by real assets and enable broader transactions, CZ said they are more accepted in the market compared to CBDCs. CZ said that stablecoins' stability, easy accessibility, and openness to innovation with lower fees and faster transaction times make them attractive and offer strong advantages that CBDCs have yet to capture. He noted that while stablecoin adoption is increasing daily, CBDCs, in contrast, have seen almost no adoption, and many countries' experiments dating back to 2013-2014 are now obsolete. Finally, CZ stated that China's strict stance on stablecoins has changed, adding that Hong Kong is taking an active role in this. “Stablecoins are assets backed mostly by real collateral and backing. They can be used in more transactions than CBDCs and have greater market acceptance. “On the other hand, CBDCs are gradually disappearing due to lack of demand and currently have almost no adoption. China, Hong Kong, and others are actively pursuing the development of the stablecoin ecosystem.” *This is not investment advice. Continue Reading: Assertive Statements from Binance Founder CZ! These Cryptocurrencies Are Out of Fashion!
