Popular stablecoins such as USD Coin (USDC) and Tether (USDT) are digital tokens that offer price stability through a 1:1 backing by fiat currency. CBDCs, on the other hand, are issued directly by governing authorities and backed by foreign currency reserves. With the rapid rise in circulation of stablecoins over the past couple of years and has reached over USD180B in market cap with an average daily trading volume of over USD 65B, more governments perceive its increasing threat to financial stability and are citing an urgent need to regulate stablecoins. On the other hand, Central Banks have stepped up efforts to explore their own stable digital currencies. A recent BIS survey shows that 90% of central banks are seriously exploring CBDCs. Half have moved beyond the initial research stage, with 65% of central banks expecting to issue a retail CBDC in the foreseeable future.
Date:
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12 October 2022 (Wednesday)
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| Time: |
6:30 – 8:30 p.m. (Click here to check your local time.)
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Language:
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English
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Platform:
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The event will be run in hybrid mode
- Physical: Silverbox Ballroom (Level 1), Hotel ICON, 17 Science Museum Road, Tsim Sha Tsui East (subject to quota)
- Online: Zoom (Click here for instructions on how to join the seminar.)
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Rundown:
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18:30 - 18:35
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Opening Speech /Organizer Introduction
- PolyU Organizer
- DAS Organizer
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18:35 - 18:50
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Topic: CBDC: Progress to Date
Leanne Zhang
Advisor
BIS Innovation Hub
Hong Kong Centre
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18:50 - 19:10
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Topic: CBDC and Global Trade
David Wen
Professor
International Business School
Zhejiang University
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19:10 - 19:25
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Topic: How e-HKD works for the consumer
Tony Liang
Head of Engineering
CryptoBLK
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19:25 - 19:40
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Topic: Stablecoin, the future of money
Will Xu
Co-founder and VP
OneCash
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19:40 - 19:50
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Topic: How a stablecoin lost $18 billion in a few days
Jack Poon
Professor of Practice
School of Accounting and Finance
The Hong Kong Polytechnic University
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19:50 - 20:25
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Panel Discussion
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20:25 - 20:30
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Q&A + Networking
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Co-organizers
Strategic supporting organizations
