Changpeng Zhao, widely known as CZ, said in a post on X that more countries will begin to recognize the potential benefits of issuing stablecoins tied to their own national currencies. According to Zhao, such products can increase demand for the domestic currency itself and, in turn, lift demand for that country’s government bonds. He added that the U.S. dollar is already far ahead on this front. The remarks were cited by ChainCatcher in a brief news update. No additional details, timeline, or country-specific examples were provided in the source text.
ChainCatcher reported that Changpeng Zhao said in a post on X that more countries will begin to realize that issuing stablecoins denominated in their own currencies can increase demand for those currencies.
Zhao added that this could also raise demand for the issuing countries’ government bonds, while the U.S. dollar is already far ahead in this area.
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