ChainCatcher message, Alec Goh, head of HTX Ventures, was invited to attend GM Vietnam 2025 - Vietnam Blockchain Week yesterday, and shared his profound insights on the development of stablecoins at the roundtable forum themed 'Stablecoin - The Most Viable Use Case for Crypto Adoption.'
Alec pointed out that the market value of stablecoins has exceeded $250 billion, with a 60% growth this year, showing a strong upward momentum. With clear regulations from countries like the United States and active participation from traditional institutions, stablecoins are evolving from crypto-native tools to global financial infrastructure, currently in the early stages of mainstream integration. He added that stablecoins are becoming the foundation for value settlement and liquidity in digital financial infrastructure in key scenarios such as on-chain credit markets, RWA, and cross-border trade.
When discussing the future development path of DeFi, Alec believes that with the continuous maturity of solutions such as DID, compliance layers, and reserve proof mechanisms, fully compliant DeFi will become possible.
He emphasized: 'The future is not a binary opposition of 'centralized vs decentralized', but a combination of 'compliance and composability'. Legal frameworks and on-chain technology will evolve together, ensuring global expansion while preserving the core principles of crypto. Whether the system is centralized or decentralized, the most important thing is to meet user needs. If decentralized trading continues to offer better value, the market will naturally lean towards it.'