Inside Coins.ph: Wei Zhou on Stablecoin Payments, USDC and Global Expansion
Ask Wei Zhou to explain the stablecoin economy and he does not reach for a whitepaper. He reaches for a shipping metaphor. Money, in his telling, moves three ways: by land, which is banks; by sea, which is e-wallets and by air, which is blockchains. The US dollar simply boarded the aircraft first and every other currency now faces a choice between building its own runway or watching its citizens fly American. Coins.ph, the company he acquired in 2022 is what he calls the port: the place where dollar stablecoins land in the Philippines and get converted into pesos into groceries, into school fees, into the daily economy of a country that receives $40 billion a year in remittances, the fourth-largest inflow in the world.
Zhou sold sophisticated financial products at Goldman Sachs, then spent three and a half years as CFO of Binance through its steepest growth...
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