Bridge Founder Mentions Tokenization of Local Currencies in Asia
Zach Abrams, the founder of Bridge, mentioned the tokenization of local currencies as the next demand following dollar stablecoins in Asia. He stated that cross-border payment and settlement rails could be expanded to local currencies. Abrams explained that there is increasing demand for stablecoin infrastructure outside the U.S., with initial customers requesting payment infrastructure between the U.S. and Colombia, as well as payment functionalities between Venezuela and the Philippines. He remarked, "We are still in the early stages," adding that "in a world where more infrastructure is tokenized, tokenized local currencies will become very important." The official API documentation of Bridge lists the U.S. dollar, euro, Mexican peso, Brazilian real, British pound, and Colombian peso as supported fiat currencies, but does not include local currencies from Asia. Hong Kong is set to implement a stablecoin ordinance on August 1, 2025, and the Hong Kong Monetary Authority announced that it would grant issuer licenses to two institutions in April 2026. In Singapore, digital payment token service providers are registered, with 37 major payment institutions designated as digital payment token service providers. This statement focuses more on the localization of payment rails than on the launch of stablecoins.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

21-bank stablecoin has global backing, but can it rival USDT and USDC?

Bitcoin Surge Drives Corporate Accumulation of BTC and ETH

Arthur Hayes calls EUR/JPY prices crypto’s smoke alarm, but the Fed’s plumbing still shows no fire

Why GENIUS could leave digital dollars vulnerable to sudden blockchain network ‘bank runs’

Cracking 1.33 Trillion Daily Tokens: B.AI Powers the “AI Grid” with Full-Stack Infrastructure to Fuel the Agentic Era

Cybercrime, Child Gambling, and Underground Banking

Polygon Foundation Launches Cryptocurrency Donation Campaign for Nepal Disaster Relief Fund

Should You Invest in Cryptocurrency in 2026-2027: New Rules, Risks, and a Reasonable Portfolio Share

RWA Weekly: Singapore's Monetary Authority Proposes New Stablecoin Regulations; London Stock Exchange Plans to Launch Tokenized UK Stocks

Taiwan's Financial Supervisory Commission Plans Nine Regulations for Virtual Assets, Expected to Launch in Q1 2027

What Really Happened with Agents in Q2 Earnings Season of US and A-shares

Axis Robotics Open-Sources One of the Largest Franka Arm Simulation Datasets for Physical AI

El Niño Disturbs Commodities: Under the Calm of US Stocks, Markets Begin Trading Supply Risks

Why Do Robots Need Money? Understanding the Next Generation of Machine Economy Driven by DePIN

US, UK join forces to target crypto scam centers and investment fraud

The Rise of Blockchain Again, but This Time It's Clearly Different

What is arbitrage? The trading minute

Monad mainnet upgrade reduces data storage costs by 98%

Creators Speak | Is a New Round of Crypto Bull Market Coming?

USDT Recharge, Multi-Currency Exchange, Virtual Credit Cards: What Are the Criminal Boundaries of Web3 Payment Platforms?

Wyoming Adds Chainlink's Reserve Verification Feature to State-Issued Stablecoin

Betting on the Frontier: Why the Best Crypto Investments Arise in Bear Markets

Coldcard Bitcoin Theft Transferred to Ethereum Through 34 Exchanges

Uniswap Founder Says Tokenized SPY Trading Pairs Perform Well, Liquidity Expected to Grow

USD.AI Releases First Verification Report on GPU-Backed Loan Portfolio

The fintech industry debated its future, between evolution and regulation: "The ecosystem is here to stay"

Coinbase files to bring stock perpetuals to the US

OpenAI Releases GPT-6 Astra: The Closest AI Model Yet to AGI

Meta Invests $18 Billion in AI to Guess Your Age from Photos









