Gate.io CEO Lin Han Declares Stablecoins Victory Over Banks

Lin Han, CEO of Gate.io, asserts that banks have failed to compete with stablecoins and comments on the changing dynamics of Bitcoin's cycle.

In a recent statement, Lin Han, the CEO and founder of Gate.io, which ranks as the fourth-largest cryptocurrency exchange based on daily trading volumes, has expressed a bold view that traditional banks have been outmatched by the rise of stablecoins.

Han also shared insights regarding the evolving nature of Bitcoin's market behavior, suggesting that the previously established four-year cycle for Bitcoin may no longer hold relevance in today's cryptocurrency landscape.