CEO Exchange Series EP1 | DeFi P2P Explained: From Smart Contracts to Real-World Financing | Vincent Yeo, PeerHive

Stablecoins are often talked about as the bridge between crypto and traditional finance. But what actually makes a stablecoin “stable”, and where do they realistically fit within Malaysia’s financial system today?   In this Part 2, we build on our previous discussion and zoom in on stablecoins, unpacking how they work, why regulators are cautious, and what risks issuers and users need to understand. This conversation follows Bank Negara Malaysia’s Discussion Paper on Asset Tokenisation and looks beyond the buzzwords to the legal and operational realities.   Join our Technology Practice Group Partners, Ong Johnson and Lo Khai Yi, together with host Zach Shaw, as they explore:   ✅ What stablecoins really are and how they differ from tokenized deposits and CBDCs ✅ Why “stability” depends on proper reserves, governance, and transparency ✅ Who can issue stablecoins and why this matters under Malaysian law ✅ Why stablecoins are unlikely to replace e-money, despite popular assumptions ✅ Where stablecoins may play a meaningful role, especially in on chain transactions ✅ The key legal, regulatory, and technology risks issuers cannot ignore   💡 This episode makes one thing clear. Stablecoins are not about replacing e-wallets or buying everyday items. Their real potential lies in supporting on chain activity and tokenized assets, but only if regulation, safeguards, and infrastructure evolve alongside the technology. This podcast is produced by HHQ's Business Development team. For speaking enquiries, visit https://hhq.com.my/podcast/