CZ Says He Is Working With ‘More Countries’ to Launch Native Stablecoins

Changpeng Zhao (CZ), the founder of Binance said he is working with different countries to launch native stablecoins.
As different governments explore ways to bring their national currencies onto blockchain networks, Zhao has shared his interest in making sure that every currency is represented on-chain, signaling ongoing collaboration between crypto industry figures and national authorities on digital assets.

Stablecoins are basically digital tokens pegged to fiat currencies and backed by reserves held in traditional financial institutions. While native stablecoins, in this context, refer to the country’s specific tokens or assets designed to reflect the national currencies rather than globally issued private stablecoins like USDT and USDC.

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Governments Weigh Stablecoin Options Alongside CBDCs

Zhao’s comments come as different governments across the world continue to examine the role of blockchain technology in payments, settlements, and other financial infrastructure.

While some countries are pursuing central bank digital currencies (CBDCs), others are exploring more advanced alternative models that involve partnerships with private-sector technology providers.

Source: Reuters
Industry analysts says the adoption of more On-chain national currencies could improve cross-border payment efficiency and reduce transaction costs, and in doing this, the government could still control the flow of money within the country.

While questions on how the stablecoins would be regulated, how reserves would be managed, and how the systems can operate smoothly in the country come up, many advanced countries are open to what the change would bring about.
So far, Zhao mentioned about 14 countries that he is already in contact with. Some of which are the United States, Hong Kong, Singapore, the UAE, Bahrain, Japan, and Canada, China, Kenya. Other details on the structure, regulatory framework, and governance of the proposed tokens have not been made available yet.
The statement highlights a broader trend of increased cooperation between crypto industry leaders and governments as digital asset regulation matures and blockchain adoption expands beyond speculative trading.

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