The Rise of Stablecoins [AUDD CEO, Singapore FinTech Fest] скачать в хорошем качестве

The Rise of Stablecoins [AUDD CEO, Singapore FinTech Fest]

Cryptocurrency is more than just Bitcoin and Ethereum—but what if you could combine blockchain’s speed with traditional currency’s stability? Enter Stablecoins: The game-changer bridging finance and innovation. These game-changers are transforming payments, savings, and cross-border transactions. At the Singapore FinTech Festival, Effie explores how stable coins have become a cornerstone of the crypto ecosystem, bridging the gap between trust and technology. ----- 01:30 - What is AUDD: Australian Digital Dollar? 02:37 - Stable Coin vs "Digital Money"? 02:49 - Stable coin generally operates on blockchain, 03:28 - Stable coins were likened to the Hong Kong dollar - issued by private banks rather than a central bank 03:46 - Classification of stable coins varies across jurisdictions 04:14 - Stable coins e.g. USDC, USDT, run on blockchain, not traditional banking systems 04:38 - Stable coins value are pegged to reference assets 04:59 - 3 key types of stable coins, 05:05 - (1) Fiat-backed stable coin 05:23 - (2) Commodity-backed stable coin (e.g. gold, oil) 05:38 - (3) Algorithmic stable coin 06:33 - Stable Coin vs "CBDC"? 06:45 - "Central Bank Digital Currency" - issued by a country’s central bank 07:09 - Stable coins - can be issued by banks, private companies, or even individuals 07:41 - Why use "stable coins" ? 08:30 - Domestic payments are simple; international payments are complex - slow, expensive, and involves multiple parties 10:12 - What factors ensure "Stable coins" reliability? 10:51 - Efforts are underway to set Stable Coins standards; 11:26 - examples: 1:1 redemption, transparent reserve backing 13:14 - May 2022 - Terra Luna crash - Lessons? 14:14 - Lessons: importance of clear education, transparency, active engagement 15:56 - Stable coins - common misconceptions? 16:10 - "are all digital assets the same" (?) 16:34 - Stable coins are not volatile, unlike e.g. Bitcoin 17:21 - Regulations overlook the distinct risk profiles of stablecoins vs other cryptocurrencies. 18:07 - e.g. risk of cryptocurrencies volatility, driven by various factors 18:56 - Barriers to adoption? 19:08 - Is widespread adoption hindered by technological understanding? 19:51 - Banking / internet adoption require no technical understanding, does blockchain adoption require it? 21:57 - Blockchain provides real-time viewing of asset activity (unlike traditional banking) 22:48 - As institutions adopt blockchain, they won’t need to explain it to users - so long as the experience remains familiar - regardless of the underlying tech 23:47 - Consumers have been confused by blockchain being highlighted, when it should be behind the scenes 23:58 - User experience will be key, backed by trust 24:16 - Wrap-up - A technology and cryptocurrency enthusiast ----- Effie Dimitropoulos, Chief Executive Officer, AUDD Effie is an accomplished fintech professional known for her expertise in harnessing the power of digital currencies, alternative payment rails and stablecoin usage on public blockchains to revolutionise payments and internet commerce. Her strategic business acumen and passion for technology led her to establish a pioneering unit at Novatti, bringing their Australian dollar-backed stablecoin, AUDD, to market. With a focus on facilitating frictionless financial transactions worldwide, she's enabling businesses to capitalise on these transformative technologies, leading the adoption of blockchain in global payments and commerce. ----- Recorded 8th November 2024, Singapore FinTech Festival 2024, 11.30am. ----- Disclaimer: Always do your own research. This is not financial advice. ----- Stay with us: LinkedIn ➡️   / lojane   YouTube ➡️ https://cutt.ly/U2B0yVi #misscyberpenny #cryptocurrency #crypto