PANews reported on September 30th that at the OKX Alphas Summit's "The New Money Era" event, OKX CEO Star, CMO Haider Rafique, and OKX SG CEO Gracie Lin participated in a roundtable discussion on "OKX Pay," engaging in in-depth discussions on payment innovation and future financial applications. During the discussion, Star, discussing the future of cryptocurrency payments, stated that one of the crypto industry's greatest achievements over the past 12 to 13 years has been the globalization of Bitcoin. Bitcoin has become one of the world's most successful digital assets, while its second greatest achievement is stablecoins, which currently have a total market capitalization of nearly $300 billion and are expected to grow rapidly over the next one to two years.

Star further pointed out that throughout human history, payments have always been essentially peer-to-peer: from gold and silver coins to paper money, funds have been controlled by individuals. However, in the digital age, currency is held by financial institutions. If an institution goes bankrupt, individuals often rely on limited insurance coverage. The emergence of blockchain and stablecoins has made it possible for payments to return to a peer-to-peer, low-cost, and highly efficient model. Especially in cross-border payments, stablecoins are expected to replace the current 1% to 3% credit card fees and become the infrastructure of future payments. Furthermore, with the development of multi-signature accounts, abstract accounts, and on-chain monitoring tools, stablecoin payments can ensure security and compliance while improving efficiency, and are expected to accelerate their entry into public life in the coming years.