The Stablecoin Summit 2023, co-hosted by XREX and the Unitas Foundation, convened at Singapore's Raffles Hotel on 15 September.
Distinguished speakers from the global stablecoin industry, including Paolo Ardoino (CTO of Tether), Yam Ki Chan (Circle's Strategy and Policy VP), Lennix Lai (OKX's Global Chief Commercial Officer), Cynthia Wu (Matrixport's COO), Timothy Lui (ADDX's VP of Private Capital Markets), Stephan Lutz (BitMEX's CEO), Aishwary Gupta (Polygon Labs' Global Head of Payment), among others, participated.
The summit attracted both local and international attendees interested in expanding the real-world use of stablecoins and advancing digital finance.
Paolo Ardoino, CTO of Tether, highlighted the advantages of USDT, emphasising its role in addressing currency uncertainties in emerging markets. He also discussed Tether's plans for Tether Gold (XAUt), a gold-backed digital token, as an important product for the coming years:
"The world has witnessed a shift (in) USD usage...USDT is now a product used in real life by more than 100 million people, particularly in emerging markets, to deal with uncertainties of the local national currencies such as depreciation and inflation."
https://t.co/Q0fhb2JMWFpic.twitter.com/rtWgTsK7WE
— Paolo Ardoino 🍐 (@paoloardoino) September 15, 2023<br/> a
Wayne Huang, Group CEO of XREX and co-host of the summit, expressed confidence in the future of stablecoins, emphasising their potential to enhance transparency, programmability, and asset sovereignty:
"Stablecoins will enhance the transparency, programmability, and self-sovereignty of assets used as stores of value. They represent unique mediums of exchange that can ultimately increase the velocity of money and promote GDP growth."
Winston Hsiao, co-founder and board member of Unitas Foundation, introduced the Unitas Protocol, which offers unitised stablecoins that bridge the gap between on-chain USD liquidity and local currencies:
"Currency thrives when freedom and competition unite."
The summit noted the progress in stablecoin regulations in various regions and the exploration of Central Bank Digital Currencies (CBDCs) by over 60 countries.
Due to popular demand, XREX and the Unitas Foundation announced a second Stablecoin Summit to be held in 2024.
For those who missed the event or wish to recap highlights, clips of various sessions will be shared on the Summit's official YouTube channel.
Find more event pictures at stablecoinsummit.com and join the official Telegram channel for the latest updates.
For press and media enquiries, please contact:
Yoyo Yu
yoyoyu@xrex.io | Telegram: @CWYoyoyu
Fred Lai
fredlai@xrex.io | Telegram: @efflai