Sergio Mello, Head of Stablecoin Business at Anchorage Digital: Stablecoins outperform traditional instant payment systems.

PANews reported on February 12 that Sergio Mello, head of stablecoin business at Anchorage Digital, said that since Satoshi Nakamoto published the Bitcoin white paper in 2008, stablecoins have evolved from arbitrage tools to financial infrastructure, which reflects the resilience of the financial market. Stablecoins can now provide the same or even better performance than traditional instant payment systems and have global accessibility.

Sergio Mello delivered a keynote speech at the No Ramp side event of the Consensus Hong Kong conference hosted by the OSL Group. He stated that USDGO, a USD-compliant stablecoin issued by Anchorage Digital Bank, the first federally regulated crypto bank in the US, and branded by the OSL Group, is a product of the transformation in the digital asset industry, specifically designed for enterprise users in the Asian market. He emphasized that for a stablecoin to succeed, it must possess three key elements: application distribution, liquidity support, and ecosystem integration.