Stablecoin 2.0: Blueprint for the Global Digital Economy

Raymond Yuan, Founder and CEO of WSPN (Worldwide Stablecoin Payment Network), delivered a speech titled "Stablecoin 2.0: Blueprint for the Global Digital Economy" at the Token2049 conference in Singapore today. He outlined the concept of Stablecoin 2.0 and its importance in the AI era.

Yuan emphasized that Stablecoin 2.0 will act as an infrastructure on blockchain networks, aligning more closely with the decentralized spirit of Web3. Key features of Stablecoin 2.0 include community governance for underlying asset allocation, on-chain asset proof, and a trust mechanism based on technology and rules, enabling greater decentralization and transparency.

He stressed that in the AI age, the only viable payment solution will be blockchain-based smart contracts, fundamentally driven by stablecoins.

Yuan believes stablecoins will play a pivotal role in the future of the digital economy and AI development, serving as a crucial bridge between traditional finance and emerging technologies. WSPN is actively exploring the application of the Stablecoin 2.0 concept in real-world payment scenarios to address the challenges and opportunities presented by the AI era.