CEO of Circle: At present, digitization has affected the core of currency issuance, circulation and use of the financial system.

During the World Economic Forum (Davos Forum) held in Switzerland on January 21, Beijing time, Jeremy Allaire, CEO of Circle Internet Financial, said that with the rise of blockchain, digital assets, and stablecoins, digitalization has now affected At the core of the financial system-currency issuance, circulation, use, etc. Facebook's stablecoin plan (ie Libra) has shocked the world, reaching the core of the financial system, and the penetration of platform companies with billions of users worldwide can be imagined. Today, the People's Bank of China is still studying the launch of the central bank's digital currency. We are all aware of the challenges now.