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SmartCon Insights | Stablecoin Reserve Fund Transfers, Proof of Reserves, and On-Chain Risk Assessment are Crucial; the Future of Mixed Use of Digital Assets and Fiat Currency is Promising
2025-11-06 07:16

Odaily Planet Daily reports that on the second day of Chainlink's annual flagship conference, SmartCon, during the roundtable discussion "The Cornerstone of Stablecoins: Controlling the Future of Digital Value," Mark Raynes, Head of Chainlink Labs Solutions, along with Alexander Hoptner, CEO of AllUnity, Angie Walker, Global Head of Commercialization at Apex Digital, Charles Jansen, Global Head of DeFi at S&P, and Sunil Sachdev, Senior Vice President of Digital Assets at Fiserv, discussed issues such as stablecoin applications, future development, and stability guarantees.

AllUnity CEO Alexander Hoptner pointed out that the current usage of stablecoins in traditional financial markets remains extremely low; furthermore, the transfer of stablecoin reserve funds is a pressing issue that needs to be addressed, with significant improvement expected by mid-2026. Angie Walker emphasized the necessity of stablecoin proof-of-reserve, noting that "Apex uses Chainlink's proof-of-reserve to permanently monitor reserves and tokens minted in circulation, while using the Chainlink compliance framework to define specific policies regarding stablecoin flows, with remarkable results." This view was echoed by Charles Jansen, Global Head of DeFi at S&P, who mentioned that the industry needs faster risk assessment, and on-chain transparency can effectively check stablecoin risks. Sunil Sachdev, Head of Digital Assets at Fiserv, highlighted the guiding role of the US GENIUS Act, suggesting that in the future, users will be able to use digital assets and fiat currency interchangeably, whether through custodial wallets or third-party wallets.