Stablecoin Summit 2023: Asia’s Pivotal Stablecoin Summit
Singapore, renowned as a global blockchain hub, has once again solidified its position in the ever-evolving world of digital finance by playing host to Stablecoin Summit 2023.
The Monetary Authority of Singapore (MAS) recently introduced its groundbreaking Stablecoin Regulatory Framework, receiving enthusiastic international acclaim. This move further cements the nation-state’s role as a pivotal player in the blockchain industry.
Consequently, it is fitting that Singapore has been chosen as the host city for the inaugural Stablecoin Summit, scheduled to convene at the iconic Raffles Hotel Singapore on September 15, 2023.
The key focus was on Stablecoins and how its growth would be mighty impactful for the overall crypto industry.
The stalwarts from the Stablecoin teams assembled together to convey their messaging and thoughts behind the Stablecoin Regulatory Framework that will be in play as well as how it can be a growth catalyst for the overall crypto industry.
The event, organized jointly by XREX and the Unitas Foundation, promises to be a pioneering gathering focusing on the transformative potential of stablecoins within fintech, cross-border transactions, and business-to-business (B2B) payments.
The summit aims to spark innovation and foster collaborative efforts within the financial sector in Singapore and beyond, immediately following the TOKEN2049 conference.
Stablecoin Summit 2023 speakers:
The Stablecoin Summit will feature influential thought leaders such as Cynthia Wu, the co-founder and COO of Matrixport; Lennix Lai, the Global Chief Commercial Officer of OKX; and Hassan Ahmed, the Country Director of Singapore at Coinbase.
These experts will engage in discussions on the practical implementation of digital currencies for financial institutions, cross-border merchants, and small business owners, and how these developments impact the everyday consumer.
Attendees can look forward to participating in conversations with leading stablecoin providers and protocols, including Circle, CELO, Mento Labs, Unitas, and Goldfinch.
Key-takeaways:
Wayne Huang, the co-founder and CEO of XREX, expressed his pride in bringing the summit to life, stating, “XREX is proud to bring this summit to life with partners and speakers from organizations who share our vision of stablecoin adoption in real-world use cases.”
XREX, a blockchain-enabled financial institution with a focus on emerging markets like India, has witnessed firsthand how stablecoin payments have resolved USD liquidity challenges, providing small and medium-sized enterprises (SMEs) and merchants with access to the global market.
Huang boldly asserted, “We’ve seen first-hand how stablecoin payments have solved USD liquidity issues and helped small and medium enterprises and merchants access the global market. We believe stablecoins will be the next trillion-dollar industry.”
It’s astonishing to consider that less than a decade ago, the notion of sending billions of dollars internationally without the involvement of a trusted third party was deemed impractical. Sceptics dismissed the idea of transferring substantial sums for mere cents in transaction fees as a far-fetched dream.
However, the financial landscape has undergone a dramatic transformation, granting individuals, businesses, banks, and governments access to stable, reliable, and trustless transactions of almost any size, all thanks to stablecoins.
The Partnerships & Sponsors of Stablecoin Summit Singapore 2023:
Yam Ki Chan, Vice President of Strategy and Policy for Circle, emphasized the timeliness of the Stablecoin Summit in Asia, given the recent policy developments in Singapore, Japan, Hong Kong, and across the globe.
Circle, as the issuer of USDC, one of the most trusted digital dollars, eagerly anticipates participating in an event that unites leaders from diverse sectors to reshape the global financial landscape.
Inmoo Hwang, Co-Founder and Chief Operating Officer of ADDX, a global private market exchange regulated by the Monetary Authority of Singapore, conveyed his enthusiasm for being part of the summit. “ADDX is at the intersection of traditional finance and blockchain technology and we are honored to share our take at this Summit on the potential benefits and challenges of tokenizing real-world assets on blockchain,”
ADDX, a global private market exchange regulated by the Monetary Authority of Singapore. “We look forward to being a part of a cross-industry discussion that will take into account different regulatory environments and economic contexts.”
As a premier platform for knowledge-sharing and networking, the Stablecoin Summit takes pride in its association with partners such as the Blockchain Association Singapore and the Taiwan Fintech Association. These partnerships breathe life into critical discussions and ideas surrounding the future of stablecoins and their implications for the global financial ecosystem.
Bringing life to ideas and discussions such as:
- Design & Use Cases of Stablecoins
- Cross-border payments
- Compliance & Regulation
- Tokenized T-Bills and other Real World Assets
- Real World Adoption
- Impact on Banking & other sectors
- Incentivising institutional adoption
- Global Outlook & Future Developments
Stablecoin Summit 2023 will be a platform to make the industry take notice of stablecoins and how it can be used to elevate user experience, not only for on & off-ramping crypto but also have an institutional use-case in the coming years with a strong regulatory framework.
About the organizers:
XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. XREX provides enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.
Unitas Foundation is the team behind Unitas Protocol, which defines a new stablecoin category – unitized stablecoins. These serve as units of account representing emerging market currencies. Unitas’ unitized stablecoins are over-reserved with exogenous USD stablecoins (e.g., USDT, USDC, Dai), thereby providing transaction ease and efficiency for people in emerging markets while secured by underlying USD stablecoin value.
