Sam Kazemian - The Future of Stablecoins - TOKEN2049 Dubai 2025
In this enlightening talk from TOKEN2049 Dubai 2025, Sam Kazemian, founder of Frax, delves into the transformative potential of stablecoins amidst global regulatory shifts, particularly within the United States. Contrary to popular belief, the stablecoin market represents not just a trillion-dollar opportunity but a $20 trillion revolution in the crypto economy. Kazemian underscores the crucial legislative developments in U.S. Congress, namely the Genius Act and Stable Act, which are poised to recognize payment stablecoins as legal tender, fundamentally altering their use within the financial ecosystem.
A key component of this evolution is the innovative use of new types of collateral underpinned by ERC20 and Solana tokens, including federal reserve master accounts, treasury bills, and other forms, which establish a secure basis for stablecoin issuance. This legislative framework paves the way for a new class of asset holders and amplifies the reach of digital currencies globally, harmonizing with regulatory standards internationally.
Kazemian introduces FRAUSD, a groundbreaking stablecoin fully backed by treasury bills and other robust assets, designed to integrate seamlessly into the new digital economy. The session unveils FraNet, a stablecoin banking system connecting Web2 and Web3 accounts to facilitate high-performance yield and cross-chain usability. Moreover, the Fraal chain, a cutting-edge DeFi platform, aims to optimize transaction speed and efficiency, positioning itself as a cornerstone for universal digital dollar adoption.
Watch this session to uncover how Frax is resurrecting Facebook Libra’s original vision, promising a future where stablecoins transition into a borderless economic instrument.
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