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