The Monetary Authority of Singapore has introduced its Stablecoin Regulatory Framework, receiving significant international attention and reinforcing Singapore’s status as a blockchain industry leader. Singapore will host the first Stablecoin Summit at Raffles Hotel Singapore on September 15, 2023.
Organized by XREX and the Unitas Foundation, this groundbreaking event explores the transformative potential of stablecoins in fintech, cross-border, and B2B payments. It aims to spark innovation and foster collaborations in Singapore’s financial landscape and beyond, following TOKEN2049.
Prominent thought leaders like Cynthia Wu (Matrixport Co-founder & COO), Lennix Lai (OKX Global Chief Commercial Officer), and Hassan Ahmed (Coinbase Country Director of Singapore) will discuss the practical use of digital currencies for institutions, cross-border merchants, small businesses, and everyday consumers. Join the conversation with leading stablecoin providers and protocols, including Circle, CELO, Mento Labs, Unitas, and Goldfinch.
Wayne Huang, the CEO of XREX, an emerging-market-focused blockchain-enabled financial institution, is proud to host the summit. He believes in the real-world potential of stablecoins and their ability to address USD liquidity challenges, enabling small and medium enterprises to access the global market. Huang envisions stablecoins becoming a trillion-dollar industry, highlighting how they have revolutionized international payments, making them reliable and affordable for everyone, from individuals to governments.
Experts Eager to Discuss Stablecoins’ Role in Evolving Financial Landscape
Yam Ki Chan, Circle’s Vice President of Strategy and Policy, believes the Stablecoin Summit is well-timed, especially considering recent policy changes worldwide. As the issuer of USDC, a highly trusted digital dollar, Circle is excited to participate in this event, which brings together leaders from various fields 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, sees ADDX as bridging traditional finance and blockchain technology. He’s honored to contribute to the Summit’s discussion about the potential advantages and challenges of tokenizing real-world assets on the blockchain. ADDX aims to engage in cross-industry conversations that consider different regulatory environments and economic contexts.
The Stablecoin Summit is delighted to have association partners like the Blockchain Association Singapore and Taiwan Fintech Association. Together, they facilitate discussions on various topics, including:
- How Stablecoins Are Designed and Used
- Making Cross-Border Payments Easier
- Meeting Compliance and Regulatory Requirements
- Tokenizing Real-World Assets like T-Bills
- Bringing Stablecoins into the Real World
- The Impact on Banking and Other Industries
- Encouraging Institutional Adoption
- Global Perspective and Future Developments
About the Organizers:
XREX is a blockchain-based financial institution that collaborates with banks, regulators, and users to redefine the banking experience. Their services cater to small and medium-sized businesses in emerging markets and provide user-friendly financial solutions to individuals worldwide.
The Unitas Foundation is the driving force behind the Unitas Protocol, which introduces a unique stablecoin category known as unitized stablecoins. These stablecoins represent currencies from emerging markets and are backed by an excess of USD stablecoins, enhancing transaction efficiency for individuals in emerging economies while maintaining the value of the underlying USD stablecoins.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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