Airwallex CEO questions the practicality of stablecoins and calls for shorting Circle.

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[Coin World][Airwallex CEO: It’s Time to Short Circle] Jack Zhang, co-founder and CEO of the corporate payment and financial platform Airwallex, stated: It’s time to short Circle. Jack Zhang had previously expressed doubts about the practicality of stablecoins in mainstream currency cross-border transactions, stating that he questioned the practicality of stablecoins in mainstream currency cross-border transactions. Data from U.S. stock trading shows that Circle’s stock price rose to over $210 at one point this week, achieving a nearly 40% rise in a single day, with a market capitalization exceeding $48 billion.

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