CZ Interview with Caixin: Stablecoins Can Support the Real Economy in Many Ways Besides Facilitating Cross-border Payments

BlockBeats News, October 27th, CZ stated in an interview with Caixin that stablecoins, in addition to driving cross-border payments, can also support the real economy in various ways:

First, the USD stablecoin issuers use the majority of the funds to buy US Treasury bonds, making the promotion of stablecoins a financing method for government authorities, "which no country would not want";

Second, the development of the crypto industry has driven innovation in upstream and downstream industries such as electricity and energy, similar to how the development of the gaming industry has propelled the rise of companies like Nvidia;

Third, the development of stablecoins can provide liquidity functions for on-chain financing, especially attracting a large amount of funds from countries outside their native currency.