WSPN successfully held the Stable Rise Summit to discuss the future of stablecoins and digital payments

The "Stable Rise" summit, hosted by digital payment company WSPN (Worldwide Stablecoin Payment Network) and co-organized by Ample, Bitget, BitMart, DTC, KUN, Lotusia, Mastercard, Pharos and Polygon Labs, was successfully held at Marina Bay Financial Centre (MBFC) in Singapore on September 17, 2024. As an important side event of TOKEN2049, the summit attracted experts, investors and entrepreneurs from blockchain, fintech and traditional finance from all over the world. The venue was packed with nearly 200 people. The participants gathered together to discuss the future development of stablecoins and their impact on the global financial system.

At the summit, many industry leaders delivered wonderful keynote speeches and explored in depth the development prospects of Web3 technology, digital payments and stablecoins.

Mastercard Vice President of Research and Development Donghao Huang delivered a keynote speech entitled "Building Trust and Smooth Business Experience: Leading the Future of Web3 Technology Payment". Donghao emphasized that Web3 technology is reshaping the payment field, bringing users higher trust and smooth experience. He focused on Tokenized Card NFT, an innovation that transforms payment cards into non-transferable Soul Bound Tokens, significantly improving the security and credibility of transactions. Donghao also elaborated on the DigiPay solution, which effectively solves the micropayment problem through its low-fee and high-throughput characteristics.

Anson Zeall, Chief Strategy Officer of dtcpay, delivered a speech entitled "Revolutionizing Digital Payments: Innovation and Strategic Cooperation for Seamless Deposit Experience". Anson emphasized that innovative technology and strategic cooperation are reshaping the digital payment field, bringing users and businesses a more convenient and efficient deposit experience. He focused on the strategic cooperation between dtcpay and WUSD, which seamlessly combines blockchain technology with traditional finance, significantly reducing transaction fees and improving cross-border payment efficiency. Anson also elaborated on how the dtcpay platform can promote payment innovation and popularization by simplifying the deposit process and making it easier for users to enter the digital payment ecosystem.

KUN Chief Consultant Yu Chen emphasized in his speech "A New Era of Global Payments" that Web3 payment technology is reshaping the global financial landscape, calling it "the singularity of Web3 scenario explosion." Yu Chen pointed out that today's payment system is undergoing a migration from Web2 to Web3, and blockchain technology is derived from payment and will eventually prosper through payment. He believes that compliance issues are currently the key to the large-scale adoption of Web3 payments. As the global regulatory environment becomes clearer, Web3 payments have the potential to create a trillion-dollar market and play a key role in connecting the real economy with the digital economy.

In addition to the keynote speeches, the summit also organized three high-level roundtable discussions to explore hot topics such as digital payments, stablecoins and financial innovation.

Jacob Tao (Managing Partner of Lotusia), David Song (Director of Web3 Department of Green Link Digital Bank), CY (Director of Business Development in Southeast Asia of Polygon Labs) and Haisheng Zhang (Chief Product Officer of Ample) participated in the roundtable discussion on "The Future of Digital Payments". The guests agreed that with the maturity of blockchain technology and the gradual clarification of the regulatory environment, digital payments will usher in explosive growth in the next few years. At the same time, they also pointed out the key issues that the industry needs to solve, such as the efficiency of cross-border payments, user privacy protection, and seamless connection with the traditional financial system.

Forest Bai (co-founder of Foresight Ventures), Jerry Zhou (Global Marketing Director of Amber), Leslie Chen (Chief Growth Officer of BitMart) and Victor Yaw (co-founder of CodeX) participated in the discussion on "Leading the Future of Digital Finance: Innovation, Liquidity and Global Growth", and explored in depth the role of stablecoins in promoting global financial innovation and growth, and how to enhance the liquidity and application scenarios of stablecoins through technological innovation and strategic cooperation.

Louisa Bai (Head of Mysten Labs, SUI Stablecoin), Anna Yuan (Co-founder of Perana) and Austin Campbell (Chief Strategy Officer of WSPN) shared their practical experience in combining stablecoin technology with traditional finance and business fields in the discussion of "Guiding Stablecoins and Connecting Real-World Application Scenarios", with a special focus on the practical applications of stablecoins. During the summit, WSPN and the emerging blockchain platform Pharos announced a strategic partnership. WSPN will build a stablecoin ecosystem on the Pharos public chain and develop diversified application scenarios including physical assets, digital wallets and decentralized exchanges. Pharos will designate WUSD as its platform strategic cooperation stablecoin, provide Web3 technical support for WSPN, and assist it in expanding into Southeast Asia and South America. This cooperation marks a new stage of development in the global stablecoin ecosystem, which is expected to bring more inclusive and efficient digital financial services to global users. The participants not only discussed in depth the latest developments in the field of stablecoins and digital payments, but also had extensive exchanges on the application prospects of Web3 technology in the financial field. Many participants said that the summit provided them with valuable opportunities for communication and cooperation, which helped promote collaboration and innovation within the industry.

The successful holding of the "Stable Rise" summit not only demonstrated the latest progress in the field of stablecoins and digital payments, but also highlighted the increasingly important position of this field in the global financial system. With the continuous advancement of technology and the gradual improvement of the regulatory environment, stablecoins and Web3 payments are expected to achieve leapfrog development in the next few years, bringing far-reaching impacts to the global financial system.

About WSPN

WSPN (Worldwide Stablecoin Payment Network) is committed to creating safer, more efficient and transparent payment solutions for the global economy and is a leading provider of next-generation stablecoin infrastructure. Its flagship product, the WUSD stablecoin, is pegged 1:1 to the US dollar and aims to optimize secure and compliant digital payments for Web3 users. WSPN's "Stablecoin 2.0" (a next-generation technology solution designed to enhance stablecoin functionality and experience) prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

For more information, visit:  www.wspn.io | X | LinkedIn