BinanceCEO Zhao Changpeng (alias "CZ") indicates that the login password industry is "very likely" to widely use euro, yen or Singapore dollar stable codes in the future to reduce the reliance on US dollar stable codes as much as possible.

CZ will release this statement during the Twitter Spaces process on February 14th in response to the question of using gold rather than dollars as a value orientation in the field of login passwords. CZ also believes that the use of gold is "valuable". However, "the costs of most people still have to be calculated in currency." For these reasons, most people calculate his rate of return in dollars, which is why stable investment encouraged by the dollar is "still crucial".

However, CZ believes that the U.S. government's recent move to stabilize the dollar may cause the world to rely on other currencies such as the euro, yen and Singapore dollar to support stable currencies, as he put it:

"I think, taking full account of the views taken by regulators on the pressure on a stable currency based on the dollar at this stage, I think, as you have always said, this area is likely to shift to and stabilize the loan currency on the basis of the dollar." As a result, we are likely to see more stabilization funds based on the euro or other yen or Singapore dollars, which obviously encourages people to explore more possibilities in different places.

Related to:The Foreign Securities and Exchange Commission filed a lawsuit against Parksos over the US dollar problem, which puzzled the password community.

CZ said that algorithmic stability codes may also play a greater role in the next login password ecosystem. But he cautioned that the "inherent risk" of algorithmic stability was impossible for the relatively stable stability encouraged by Fiat cars. In CZ's view, these risks must be disclosed to users in full transparency, as do the stable bond risk reserves encouraged by Fiat Motor. In this way, "users can clearly determine what's going on" and do what smooth coding they mainly own or use.

The announcement by CZ came a day after SEC sued dollar-based stablecoin Binance managers. (BU.S.) It is a "security" that is not registered under American law. Algorithmically stable TerraU.S. (UST) lost its peg to the dollar in May, causing more than $20 billion in damage to investors.