According to Fortune, Binance CEO Richard Teng stated that while Asia will drive global financial growth, Western companies will still dominate the process. Richard Teng emphasized that policymakers should ensure local businesses have a fair chance to compete and allow for broader innovation experimentation. He also pointed out that stablecoins are rapidly growing outside the U.S. due to demand from low-income countries, particularly in Africa, Latin America, and parts of Asia, helping consumers protect their assets, reduce transfer costs, and push these countries away from the U.S.-dominated financial system.