Swift Asia Pacific President: Maintains a Neutral Stance on Stablecoins

ChainCatcher news, according to Caixin reports, Huang Shijin, the President of Swift Asia-Pacific, recently stated in an exclusive interview that Swift maintains a "neutral observation" attitude towards the rapidly developing stablecoins.

He mentioned that Swift has been closely monitoring the evolution of new technologies and new forms of value. However, whether it is central bank digital currencies, stablecoins, or any digital assets, a critical issue that cannot be avoided for achieving secure and scalable usage globally is ensuring safe and seamless interaction between different systems and technologies. This is a key factor in unlocking the potential of these new technologies and new value solutions. Ultimately, it will also face a series of regulatory tasks such as KYC and anti-money laundering to ensure the credibility of financial services and the stability of the financial system, and naturally, it will also confront the "last mile" problem.