Swift Asia Pacific President: Neutral observation attitude towards stablecoins

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According to ChainCatcher, citing Caixin's report, Swift's Asia-Pacific President Huang Shijin recently stated in an exclusive interview that he maintains a "neutral observation" stance towards rapidly developing stablecoins.

He noted that Swift has been closely monitoring the evolution of new technologies and new value forms. However, whether it's central bank digital currencies, stablecoins, or any digital assets, to achieve safe and large-scale global usage, an unavoidable issue is ensuring secure and seamless interaction between different systems and technologies. This is the key factor in unleashing the potential of these new technological and value form solutions. Ultimately, they will also face a series of regulatory tasks such as KYC and anti-money laundering to ensure the credibility of financial services and the stability of the financial system, and naturally will confront the "last mile" problem.

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