Zhao Changpeng: This year will see the industry's recovery, and fiat-backed stablecoins will not exist for long

ChainCatcher news, Binance CEO Zhao Changpeng stated in an AMA that this year is expected to be a year of adjustment and recovery for the cryptocurrency industry, and there are no expectations for new highs.

When discussing stablecoins, Zhao Changpeng admitted that fiat-backed stablecoins will not last long, and stablecoins will continue to evolve and iterate. In the long term, 10 to 20 years from now, non-fiat-backed stablecoins may dominate.