Are Stablecoins Really Necessary?

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At Luno’s LIDAC conference, representatives from Tether, Xweave, and Standard Chartered discussed how stablecoins and tokenized money are changing the flow of funds for businesses and individuals. The discussion covered practical uses in remittances, treasury management, and supplier payments; comparisons between stablecoins and tokenized deposits; and the opportunities and challenges for local-currency stablecoins such as those denominated in ringgit. The guests also discussed the importance of liquidity, regulation, and collaboration in driving adoption.