OSL Group Regulatory Affairs Supervisor, Diao Jiajun: Stablecoin pricing is one of the most valuable development directions for encryption "interoperability".

robot
Abstract generation in progress

At Token2049, OSL's Executive Director and Head of Regulatory Affairs, Diao Jiajun, pointed out that stablecoin-denominated trading is key to the development of interoperability, which can save time and costs; the crypto market will trend towards rational maturity, focusing on high-quality applications and the tokenization of real-world assets (RWA). (Background: OSL Group and the Solana Foundation announced a partnership to accelerate the compliance process for real-world asset tokenization.) (Additional background: OSL is a global exchange that now supports USDT and USDC on the Solana network.) At the digital asset investment forum at Token2049 in Singapore on October 3rd, Diao Jiajun stated that in the next development path of the 'interoperability' concept in the crypto industry, stablecoin-denominated trading will become one of the most valuable development directions of this concept, as it can genuinely save trading time and costs. Diao Jiajun indicated that interoperability at the technical level, such as blockchain protocols, has become a prerequisite for industry development, and the future key development of this concept will involve higher dimensions of interconnectivity, including markets, channels, and pricing forms represented by stablecoins. Diao Jiajun mentioned that when regulatory clarity reaches a certain stage, it will no longer promote explosive growth in the digital asset industry; instead, the number of trading parties in the market will decrease, shifting from blind investment regardless of returns to a more rational analysis of costs and returns, with real-world assets (RWA) being a typical track for this transition. He also noted that while the concept of 'complete transparency' in transactions through public chains is significant in terms of risk disclosure, accounting standards, and the definition of rights and responsibilities, groups including asset management platforms, fund administrators, custodians, and their clients, as well as brokers, may hold reservations about this. Diao Jiajun stated that in the next 12 to 18 months, the cryptocurrency industry will transition from the early 'concept frenzy' to a more mature, rational, and commercial direction, with more meaningful applications and higher-quality transactions emerging. Related reports: OSL Group officially completes acquisition of the licensed Indonesian exchange Koinsayang. OSL Group announces 'full support' for the Hong Kong SAR government! Steadily promoting the development of financial technology. 'OSL Group Regulatory Affairs Head Diao Jiajun: Stablecoin pricing is one of the most valuable development directions for crypto interoperability.' This article was first published on BlockTempo, the most influential blockchain news media.

USDC0.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)