Star: Stablecoin payments combine security and compliance with improved efficiency, accelerating their integration into everyday life in the coming years

ChainCatcher news: At the "The New Money Era" themed event of the OKX Alphas Summit, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin jointly attended the "OKX Pay" themed roundtable discussion, engaging in in-depth exchanges on payment innovation and future financial applications. During the discussion, Star mentioned that one of the biggest achievements of the cryptocurrency industry in the past 12 to 13 years is the globalization of Bitcoin. Bitcoin has become one of the most successful digital assets globally, and additionally, the second major achievement is stablecoins, which currently have a total market capitalization close to $300 billion and are expected to grow rapidly in the next 1 to 2 years.

Furthermore, Star pointed out that throughout human history, payments have essentially been "peer-to-peer": from gold coins and silver coins to paper money, funds have always been controlled by individuals. However, in the digital age, money is held by financial institutions, and once an institution goes bankrupt, individuals often have to rely on limited insurance protection. The emergence of blockchain and stablecoins provides the possibility for payments to return to a "peer-to-peer," low-cost, and high-efficiency model. Especially in cross-border payments, stablecoins are expected to replace the current credit card fees of 1% to 3%, becoming the infrastructure for future payments. At the same time, with the development of multi-signature accounts, abstract accounts, and on-chain monitoring tools, stablecoin payments can ensure security and compliance while enhancing efficiency, and are expected to accelerate their entry into everyday life in the coming years.