Mike Belshe - Building for the Future: On-chain Innovation - TOKEN2049 Singapore 2024
Join us at TOKEN2049 Singapore 2024 as Mike Belshe, a prominent figure in blockchain innovation, explores the future of stablecoins with his talk, "Building for the Future: On-chain Innovation." This session unveils the USDS, a revolutionary one-to-one backed stablecoin designed to realign the distribution of rewards within the crypto ecosystem.
Belshe delves into the motivation behind USDS, highlighting an industry where value has predominantly accumulated with stablecoin issuers. USDS aims to democratize this structure by redistributing revenue to the very participants making the network robust, including liquidity providers, custodians, and payment service operators. Discover how this reimagined model fosters a healthier financial ecosystem and empowers new innovators to integrate USDS into their products, enhancing company resilience and competitiveness.
Attendees are also introduced to the rigorous backing and transparency measures for USDS, including the use of short-term treasuries, overnight repo markets, and routine audits under stringent regulatory standards. This comprehensive framework aims to deliver unparalleled stability and reliability, supported by global entry points regulated by trust companies.
Belshe outlines the roadmap leading up to the official launch on January 1, with major platforms such as Bullish, OKX, and Bitstamp already on board, setting the stage for widespread adoption. Join the conversation on this transformative approach to stablecoin technology and its implications for global finance.
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