Changpeng Zhao said he underestimated the scale and growth potential of the stablecoin market while he was running Binance. Speaking on the Talking Tokens Podcast on July 16, Zhao said he had, to some extent, "missed stablecoins" and did not expect the sector to expand to its current size. He also said the market has grown far beyond what he had anticipated during his tenure. The remarks, cited by Techub News with attribution to Wu Blockchain, frame stablecoins as a major part of the crypto money market today. Zhao’s comments did not include new figures, but they pointed to how much the segment has changed relative to his earlier expectations.
Changpeng Zhao said he underestimated stablecoins while running Binance, saying on the Talking Tokens Podcast on July 16 that he had, to some extent, "missed stablecoins" and did not expect the market to grow to its current scale.
In the interview, Zhao said he had not fully judged the sector’s growth potential and that the market has expanded far beyond what he expected during his time at the exchange.
According to Techub News, citing Wu Blockchain, stablecoins have now become an important part of the crypto money market.
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