Asia's Crypto Boom, Stablecoin Wars, and Crypto's Global Shifts | Roundup

Sep 20, 2024

The discussion kicks off with insights from Token2049 in Singapore, highlighting the staggering growth of Asian crypto exchanges. There's a deep dive into emerging yield-generating stablecoins and the stark differences in user adoption between Asia and the West. The hosts reflect on founder fatigue within the crypto community and explore Singapore's unique governance model. They also touch on innovative platforms reshaping decentralized applications and the evolving landscape of venture capital in the crypto space.

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ANECDOTE

Token2049 Feels Like SaaS

Token2049 resembled a SaaS conference like Dreamforce, with attendees closing deals.
It felt different from crypto-native events like Breakpoint, Defcon, or ECC.

INSIGHT

High Asian Crypto Usage

Crypto usage in Asia is significantly higher than in the US, contrary to some beliefs.
Asian exchanges are much larger and more influential.

ANECDOTE

Grab's Crypto Integration

Grab, Asia's Uber equivalent, integrates a crypto wallet and promotes stablecoins like PYUSD.
This exemplifies Asia's advanced consumer finance evolution compared to the West.

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In this episode, the Jason and Santi dive deep into their experiences at Token2049 in Singapore. They discuss the staggering scale of Asian crypto exchanges, the emergence of yield-generating stablecoins, and the stark contrast in user adoption between Asia and the West. The conversation also touches on founder fatigue in the crypto space, Singapore's unique governance model, and the evolving venture capital landscape. Thanks for tuning in!

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Timestamps:

00:00 Introduction to Singapore

02:50 Token2049 Review

11:34 Growth of Crypto in Asia

22:47 Anoma ad

23:49 Supra AD

24:45 Polygon Ad

25:55 Founders Closing Shop

33:38 Lack of L2s

35:14 Singapore Review

42:37 Ventures Raising Funds

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.