Star: Stablecoin payments combine security, compliance, and efficiency, and will rapidly enter the lives of the general public in the next few years.

At the OKX Alphas Summit's "The New Money Era" event, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin participated in a roundtable discussion on "OKX Pay," engaging in in-depth discussions on payment innovation and future financial applications. Discussing the vision for cryptocurrency payments, Star stated that one of the crypto industry's greatest achievements over the past 12 to 13 years has been the globalization of Bitcoin. Bitcoin has become one of the world's most successful digital assets, while its second greatest achievement is stablecoins, whose total market capitalization currently approaches $300 billion and is expected to grow rapidly over the next one to two years. Star further noted that throughout human history, payments have always been essentially peer-to-peer: from gold and silver coins to paper money, funds have always been controlled by individuals. However, in the digital age, currency is held by financial institutions, and in the event of their bankruptcy, individuals often rely on limited insurance coverage. The emergence of blockchain and stablecoins offers the potential for a return to a peer-to-peer, low-cost, and highly efficient payment model. Especially in cross-border payments, stablecoins are expected to replace the current 1% to 3% credit card fees and become the infrastructure of future payments. Furthermore, with the development of multi-signature accounts, abstract accounts, and on-chain monitoring tools, stablecoin payments can ensure security and compliance while also improving efficiency, and are expected to rapidly enter public life in the coming years.