Are Stable Coins the Future of Cryptocurrencies? – Victor Liew from Xfers
In episode #10 of Chills w TFC, we bring on the co-founder behind Xfers, Singapore’s first and only stable coin backed by MAS. In the fast-growing world of cryptocurrency, there’re all sorts of coins and functions. A stable coin is a new class of cryptocurrencies that don’t really fluctuate and is often used as a medium of transaction.
Join me as I chill with Victor Liew from Xfers to discuss about stable coins and the future of cryptocurrency. What value can Bitcoin and stable coins have for you? Will they replace traditional financial system? What keeps stable coin works and who governs it? What are some financial possibilities and applications that can arise from stable coins in the future?
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What is your version of the Singaporean Dream? Is it still attainable in the current economy, especially with the incoming GST hike and other measures announced in this year’s Singapore Budget?