Stablecoins Seen as New Rails for Global Finance

Coins.ph Chief Executive Officer Wei Zhou is betting that regulated stablecoin rails can lower the cost of remittances, widen access to dollars and bring millions of underbanked users into the financial system. When Wei Zhou tried to move his own savings from Asia to the United States to buy a family home, he ran into the same problem faced by millions of cross-border workers and families: the traditional financial system was slow, expensive and difficult to navigate. “That whole process just...