The rise of stablecoins: How will they change monetary systems?

Stablecoins and tokenisation are gaining momentum in today's complex financial landscape, driving innovation across payments and remittances, and bridging the gap between traditional finance and decentralised finance, to pave the way for the future of payments. How will current developments change the way we pay? Will the rise of stablecoins challenge the established financial systems, or complement and enhance existing frameworks? Jason Tay, Head of Commercial at stablecoin firm, StraitsX, tells us more. StraitsX holds a major payment institution license in Singapore, and is the issuer of XSGD, Singapore's first dollar-backed stablecoin.See omnystudio.com/listener for privacy information.