Swift Asia-Pacific President Discusses Stablecoin Developments

According to BlockBeats, Swift's Asia-Pacific President, Huang Shijin, recently expressed a neutral stance on the rapid development of stablecoins during an interview. He emphasized that Swift is closely monitoring the evolution of new technologies and value forms. Huang highlighted that whether it involves central bank digital currencies, stablecoins, or any digital assets, achieving secure and scalable global usage necessitates addressing the challenge of ensuring safe and seamless interaction between different systems and technologies. This is crucial for unlocking the potential of these new technological solutions. Additionally, he noted that regulatory measures such as KYC and anti-money laundering will be essential to ensure the credibility of financial services and the stability of the financial system. The issue of the 'last mile' will also need to be addressed.