On September 4, 2025, Taipei Blockchain Week (TBW) grandly opened at the Taipei Songshan Cultural and Creative Park. Themed "Onboard AI," this year's conference focused on the deep integration of blockchain and artificial intelligence, attracting over 200 global industry leaders, innovators, and investors to discuss cutting-edge trends in Web 3 and AI. As one of Asia's most influential blockchain events, TBW collaborated with the Asia FinTech Alliance and the Taiwan Blockchain Summit to create a series of events covering regulations, innovation, and community, solidifying Taiwan's position as a hub in the global blockchain innovation ecosystem.

As a gold sponsor of the conference, MyStonks, a decentralized trading platform for US stock tokens, fully supported the event and promoted industry exchange and collaboration through various channels. MyStonks CMO Keaton Hu was invited to attend the conference's roundtable discussion, "Building the Key Piece of the Blockchain Payment Puzzle: The Opportunities and Challenges of Stablecoins," and shared insights on the applications and future directions of stablecoins.

Keaton Hu stated that stablecoins are becoming a core force driving innovation in on-chain asset trading. Their low-friction nature significantly lowers the barrier to entry for cross-asset and cross-scenario transactions, enabling rapid growth in on-chain businesses. He shared that the MyStonks platform achieved a peak daily trading volume exceeding $200 million in just five months after its launch, with the growth of stablecoins playing a decisive role.

In terms of practical applications, Keaton Hu emphasized the groundbreaking value of stablecoins in on-chain US stock trading. Unlike traditional brokerages that incur high fees of up to 1% for multiple fiat currency conversions, on-chain transactions using stablecoins like USDT and USDC are virtually frictionless, significantly reducing costs. He stated that stablecoins not only improve efficiency but also enable global investors to participate equally in trading US stocks, US bonds, and leading stocks from various countries, truly realizing the "on-chainization of global assets." Notably, since Circle's IPO, industry confidence has significantly increased, with on-chain US stock trading experiencing explosive growth. Trading volume on the MyStonks platform has also increased approximately 100-fold, fully demonstrating the transformative value of stablecoins in traditional investment scenarios.

Speaking of market observations, Keaton Hu believes that while mainstream stablecoins currently dominate, price spreads and cross-chain exchange friction remain pressing pain points that need to be addressed. At the same time, vertically targeted stablecoins, such as those for cross-border trade settlement or innovative stablecoins with "holding interest" features, hold unique potential and will create differentiated competitive advantages in the future. He further called for the market to develop "stablecoins of stablecoins" or 1:1 exchange protocols to serve as a bridge to fundamentally address exchange friction.

Keaton Hu emphasized that the coexistence of multiple stablecoins on-chain isn't a flaw, but rather an inevitable part of a decentralized ecosystem. Just as multiple banks in Hong Kong can issue 1:1 Hong Kong dollars, different stablecoins will play their respective roles in different scenarios, providing users with more diverse choices. This is not only an inevitable trend in the development of stablecoins, but also a key indicator of the maturity of the on-chain ecosystem.