Money 20/20 USA: StraitsX CEO Tianwei Liu on stablecoins for everyday spending
Money20/20
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7m 20s
Think stablecoins are just for crypto traders buying Lamborghinis? Tianwei Liu says the data tells a different story. The CEO and Co-Founder of StraitsX sits down with JD Durkin at Money 20/20 USA in Las Vegas to share that 85% of the company’s stablecoin card transactions are under $50, for everyday purchases like groceries and diapers. Liu explains how the Singapore-based payment infrastructure company, a regulated stablecoin issuer licensed by the Monetary Authority of Singapore, has become one of the world’s largest issuers of stablecoin-backed Visa debit cards, processing more than $500 million in card payments every month. He shares how stablecoins give people in emerging markets fast access to US dollars to protect their savings against inflation, and why he wears an NFC payment ring instead of carrying a card. He also predicts that, like the internet before it, stablecoin technology will fade into the background of everyday life.
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