Airwallex Lianchuang: The conversion cost from stablecoin to recipient currency is much higher than

Jack Zhang, co-founder of enterprise payment and financial platform Airwallex, posted on social media questioning the practicality of stablecoins in mainstream currency cross-border transactions. Zhang pointed out that in transactions between G10 currencies, the existing banking system can already transfer funds in real time at a cost of less than 0.01%, making stablecoins unable to provide a more competitive solution. He believes that the off-chain transaction costs from stablecoins to the receiving currency are much higher than forex interbank transactions.