In this session at the Singapore FinTech Festival 2024, Effie Dimitropoulos, CEO of AUDD, explores the transformative role of stablecoins in the evolving cryptocurrency ecosystem. Stablecoins combine the stability of traditional currencies with the innovation of blockchain technology, making them pivotal for payments, savings, and cross-border transactions.

Effie highlights key topics, including the difference between stablecoins and CBDCs, the types of stablecoins (fiat-backed, commodity-backed, and algorithmic), and their ability to streamline complex international payments. She addresses common misconceptions about stablecoins’ volatility compared to other cryptocurrencies and emphasizes the importance of transparency, regulation, and trust in building adoption.

With examples like AUDD, USDC, and USDT, Effie underscores how stablecoins are bridging gaps in global finance, offering faster, more reliable alternatives to traditional banking systems while simplifying user experience.