S'pore stablecoin XSGD could see more adoption with improving tech, demand

SINGAPORE – The collapse of the Terra Classic blockchain and its Terra USD (UST) stablecoin earlier this month wiped out billions and eroded trust in cryptocurrency.

But fintech insiders remain convinced that stablecoins have a role to play in improving finance. They are confident the developing asset class will eventually be adopted by the market, once a safe and viable structure is found to support its use.


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