OKX's Xu Mingxing: Stablecoin market capitalization will grow to $1 trillion in the next 1 to 2 years

Foresight News reports live – At the OKX Alpha Summit held in Singapore today, OKX Founder and CEO Star Xu delivered a powerful perspective on the future of the cryptocurrency market. He highlighted Bitcoin and stablecoins as two major milestones in the industry over the past decade and boldly predicted that the total market capitalization of on-chain assets will experience explosive growth in the next one to two years, rapidly climbing from the current $300 billion to $1 trillion.

In terms of the payment experience, people initially used peer-to-peer transactions. Later, financial institutions emerged, and people would pay through them. However, these institutions would collapse, leaving people with only insurance to generate returns. Stablecoins now ensure a return to peer-to-peer payments. Furthermore, as global currencies, they hold an unstoppable trend and are the future of payment. While many may believe they lack adequate regulation, there are already regulatory technologies in place to help banks and other institutions embrace stablecoins and offer a better experience than traditional banking.

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