FX risks from non-dollar stablecoines overstated: Coinbase exec

Won-backed stablecoins are unlikely to challenge dollar-denominated tokens in cross-border settlement and should first be viewed as domestic payment infrastructure, according to Hassan Ahmed, Singapore country director at Coinbase, a Nasdaq-listed US cryptocurrency exchange. "Rather than competing head-to-head, a won-backed stablecoin is likely to follow a different growth path in the near term, building on areas where it has natural advantages," Ahmed said in a recent written interview with The

By The Korea Herald