Star Xu: The market value of stablecoins will grow to 1 trillion dollars in the next 1 to 2 years

ChainCatcher news, OKX founder and CEO Star Xu stated at the OKX Alpha Summit event in Singapore, "In the past decade, the biggest achievement in cryptocurrency has been Bitcoin, and the second has been stablecoins. Currently, the on-chain market cap is $300 billion, and I believe it will quickly grow to $1 trillion in the next 1 to 2 years. From the payment experience perspective, people initially used peer-to-peer trading, until financial institutions emerged, and people started to pay through these institutions. However, financial institutions can collapse, and people can only rely on insurance to gain benefits. Now, stablecoins can ensure that payments return to a peer-to-peer trading model, and stablecoins are global currencies. They have an unstoppable trend and are the future of payment methods. Many people may feel that there is not good regulation now, but in fact, there are more regulatory technologies available to help banks and other institutions adopt stablecoins and provide a better experience than traditional banks."