SINGAPORE – Media OutReach Newswire – 8 January 2025 – More than 340 young scientists[1] will have a rare chance to engage with leading experts in science and technology from around the world at the Global Young Scientists Summit (GYSS) 2025. The Summit has drawn participants from 49 countries, a 40 per cent increase from 2024[2], marking the highest number in the past five years and reflecting […]
Achieves GRESB Five-Star Rating HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Dedicated to achieving a sustainable, zero-carbon future by prioritising environmental, social, and governance (ESG) factors across its businesses, Chinachem Group (“Chinachem”) has been recognised as a Global Sector Leader for 2024 in the prestigious Global Real Estate Sustainability Benchmark (GRESB), achieving the highest possible five-star rating in both the Development Benchmark […]
The “Enjoy the Authentic Joy from Europe” campaign brings the irresistible flavours of renowned deli meats to Hong Kong for Chinese New Year. HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Food plays an essential role in bringing people together during moments of celebration, and this is especially true for the upcoming Chinese New Year. While it may seem that European deli meats […]
Harnessing the power of software and hardware security to drive stronger ransomware detection for businesses HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced a new collaboration with Intel ® (NASDAQ:INTC) designed to help joint enterprise customers protect critical systems from stealthy threats, including fileless malware and advanced ransomware. When Trend’s […]
HONG KONG SAR – Media OutReach Newswire – 10 January 2025 – Today, IX Asia Indexes announced the 2024 4th quarter review of ixCrypto Index Series and IX Digital Asset Industry Index Series. The constituent changes will be effective on 17th January 2025 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1 ixCrypto Index (“IXCI”) […]
Saudi Arabia has officially assumed leadership of the International Society for Reef Conservation (ICRI) Secretariat, marking a pivotal moment in the global fight to protect coral reefs. The move was confirmed during the 2025 ICRI conference, where environmental ministers and stakeholders from around the world gathered to discuss the escalating challenges coral reefs face and the urgent need for coordinated global action. Saudi Arabia’s selection as the […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 10 January 2025 – Developments such as Forex market volatility, rising commodity prices, and Southeast Asia’s economic growth are poised to reshape the trading landscape in 2025. Market participants need to be aware of these trends to develop strategic approaches and mitigate risks. Kar Yong Ang, a financial market analyst at Octa broker, highlights key trading trends to expect […]
Actively Pursuing Vast Opportunities in GreenTech and AI in Southeast Asia HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – The Hong Kong Science and Technology Parks Corporation (HKSTP) participated in the “Think Business, Think Hong Kong” promotional event organised by the Hong Kong Trade Development Council in Jakarta, Indonesia, on 8 January. During the event, HKSTP highlighted innovative green technologies and artificial intelligence […]
HONG KONG SAR – Media OutReach Newswire – 9 January 2025 – Award-winning brokerage VT Markets, a global leader in financial services, has released its 2025 Q1 Economic Outlook. In the report, the broker spotlights the remarkable trajectory of gold in 2024 and its potential market performance in the coming year. The report further delves into key drivers of gold’s price movement; an explainer on why the […]
Offer extended to 17 January 2025. Offer Price remains firm at RM11.00 Per Share KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 January 2025 – Gateway Development Alliance Sdn Bhd (“GDA“) and its shareholders (collectively, the “Consortium“) announced that as at 5:00 p.m. today, it has received valid offer acceptances of 1,385.5 million shares and a further 18.2 million shares have accepted the offer pending verification, […]
Largest-ever delegation of homegrown tech companies capturing global attention and potential business opportunities HONG KONG SAR – Media OutReach Newswire – 8 January 2025 – Hong Kong Science and Technology Parks Corporation (HKSTP) marked significant presence at the Consumer Electronics Show (CES) 2025 in Las Vegas, where a largest-ever delegation of 51 tech companies and institute at Hong Kong Tech Pavilions is capturing the attention of industry […]
SINGAPORE – Media OutReach Newswire – 8 January 2025 – ROSHI, a leading fintech company reshaping digital lending across Southeast Asia, today released its comprehensive “Inflation Survival Guide 2025,” revealing how Singaporeans can leverage digital tools and smart spending strategies to combat inflation, which is projected to moderate between 2.5-3% this year. The study highlights that while essential expenses consume over 63% of household budgets, strategic use […]
Foster Environmental, Social and Governance (ESG) adoption by Singapore enterprises through national frameworks, grants, and a hub to align with global sustainability standards. Accelerate innovation through increased funding for the development of sustainable technologies and the adoption of artificial intelligence. Strengthen workforce capabilities with targeted professional growth programmes, leadership benchmarks, and micro-credentialling to prepare talent for global challenges. SINGAPORE – Media OutReach Newswire – 8 January 2025 […]
SHANGHAI, CHINA – Media OutReach Newswire – 7 January 2025 – In today’s era of diversity, freedom, and a pursuit of high-quality living, recreational vehicles (RVs) have become the preferred choice for many seeking to explore the world and enjoy life. As a pioneer in creating the “mobile home” experience, New Gonow has leveraged its exceptional product capabilities, keen market insights, and strong innovation to gain widespread […]
First insurance provider in Hong Kong to empower members with accessible pharmacy consultations for minor ailments HONG KONG SAR – Media OutReach Newswire – 6 January 2025 – Bupa Hong Kong, the leading health insurance specialist, is proud to announce the launch of the Bupa x Mannings PharmaCare Programme (“PharmaCare Programme”) in partnership with Mannings, Hong Kong’s largest health and beauty chain. This initiative makes Bupa the […]
HONG KONG SAR – Media OutReach Newswire – 6 January 2025 – The Hong Kong Industrial Artificial Intelligence and Robotics Centre (FLAIR), specialising in AI and robotics application R&D, will make its debut at CES 2025 in Las Vegas, USA, from 7 to 10 January. CES 2025: A Hub for Global Tech Innovation CES, the world’s most influential technology event, connects global brands, industry leaders, and innovators […]
HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – Since the global AI boom sparked by ChatGPT in December 2022, the artificial intelligence industry has consistently attracted market attention, with investment enthusiasm only increasing over the past two years. For most, however, the future of AI remains opaque. Despite its prominence, questions persist about the technology’s evolution and its impact on markets and investors. […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 3 January 2025 – The Malaysia Global Business Forum (MGBF) has opened individual membership in time for Malaysia’s ASEAN Chairmanship, with the objective of bringing a suite of strategic solutions to a broader membership base. This was only previously available to the corporate sponsors and supporters of the high-profile advocacy platform. In this exciting move, timed to be part […]
SINGAPORE – Media OutReach Newswire – 2 January 2025 – Conservation International and Sateri, a member of the RGE group of companies, have announced the launch of the third phase of the Poyang Lake Ecosystem Restoration Initiative. This new phase marks a critical milestone in restoring China’s largest freshwater lake by integrating carbon neutrality efforts, building on the initiative’s significant success since its inception in 2019. Located […]
HONG KONG SAR – Media OutReach Newswire – 2 January 2025 – Canon Hongkong Company Limited (Canon Hong Kong) is pleased to announce today the appointment of Mr. Gary Lee as the company’s new CEO, with immediate effect. With over three decades of experience in accounting and finance, Mr. Lee joined Canon Hong Kong in 1997 and has held several senior management positions across different business units […]
HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 30 December 2024 – Visa, the global leader in digital payments, reveals a surge in contactless payments across the Asia-Pacific (AP) region, with Vietnam leading the charge based on a recent survey commissioned by Visa done by YouGov[1]. VisaNet data analyzed by the Visa Consulting & Analytics (VCA) shows a significant shift in payment behavior, with nearly […]
Cryptocurrencies continue to revolutionize the financial world, with stablecoins standing at the forefront of this evolution. The $205 billion market for stablecoins is now approaching a level of mainstream integration that could redefine how digital assets are utilized in daily transactions and financial services.
Stablecoins, digital currencies pegged to assets like the U.S. dollar or gold, have gained significant traction over the past few years, driven by their stability compared to volatile cryptocurrencies like Bitcoin or Ethereum. Unlike their counterparts, stablecoins aim to maintain a fixed value, making them more attractive to investors and consumers looking for reliability in the crypto space. The potential for mainstream adoption lies not just in their price stability but in their growing use cases across sectors ranging from decentralized finance (DeFi) to remittances and even digital identity verification.
Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) dominate the stablecoin market, each playing a crucial role in driving the sector’s growth. As the overall cryptocurrency market reaches new milestones, these stablecoins continue to provide the foundation for many of the transactions and liquidity movements that are essential to the ecosystem’s functionality. In fact, stablecoins now account for over 10% of the entire cryptocurrency market capitalization, a trend that is only expected to grow as more institutional players enter the space.
The increasing use of stablecoins has caught the attention of both regulators and traditional financial institutions. Governments around the world are exploring ways to regulate stablecoins, driven by concerns over financial stability, anti-money laundering (AML), and countering the financing of terrorism (CFT). Despite this, the rise of stablecoins is seen as inevitable by many experts, as they offer an alternative to traditional fiat currencies, especially in regions with unstable economies or where access to banking services is limited.
One of the most compelling arguments for the mainstream integration of stablecoins is their utility in cross-border payments. Traditional remittance channels often carry hefty fees and take several days to process. Stablecoins offer a faster, cheaper, and more transparent alternative, allowing users to transfer funds across borders in real time at a fraction of the cost. This has made them particularly popular in emerging markets, where they have the potential to provide financial inclusion to the unbanked and underbanked populations.
Beyond payments, stablecoins have also become integral to decentralized finance (DeFi), a sector that has exploded in popularity over the past few years. DeFi platforms offer a wide range of financial services, such as lending, borrowing, and trading, without the need for intermediaries like banks or brokers. Stablecoins are often used as collateral for these services, providing a level of security for both borrowers and lenders. The appeal of DeFi is growing rapidly as more individuals look for alternatives to traditional financial systems, and stablecoins have proven to be a critical part of this shift.
Stablecoins are increasingly being explored as a solution to the volatility of cryptocurrencies in the world of digital assets. While the prices of Bitcoin, Ethereum, and other cryptocurrencies can fluctuate wildly, stablecoins provide a more predictable store of value. This makes them an attractive option for investors who are seeking to hedge against the market’s ups and downs, as well as for businesses looking for stability in their crypto transactions. The ability to maintain a stable value also positions stablecoins as a potential bridge between traditional finance and the cryptocurrency world.
Financial giants like JPMorgan and BlackRock are also positioning themselves to leverage stablecoins and blockchain technology to streamline their operations. JPMorgan’s recent experimentation with blockchain-based stablecoins in its payment systems is a testament to the growing mainstream interest in this sector. Similarly, BlackRock, the world’s largest asset manager, has expressed interest in stablecoin-backed investment products. These high-profile endorsements signal that stablecoins are not just a niche technology but could soon become a core component of global financial infrastructure.
The rise of central bank digital currencies (CBDCs) is expected to further accelerate the adoption of stablecoins. While CBDCs are government-backed digital currencies that function similarly to stablecoins, they could eventually coexist alongside private sector stablecoins, creating a hybrid ecosystem. Central banks are actively researching and piloting CBDCs, and the success of stablecoins in the private sector may provide a blueprint for the development of these digital currencies.
Despite the optimism surrounding stablecoins, several challenges remain. Regulatory uncertainty is one of the biggest hurdles facing the market. While stablecoins are seen as a way to democratize finance, they are also under scrutiny from regulators who worry about the potential for systemic risk. There is growing pressure for stablecoins to comply with traditional banking regulations, including Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. This could result in more stringent requirements for stablecoin issuers, potentially stifling innovation in the space.
Concerns over the transparency and security of stablecoin reserves have been raised. In 2022, Tether, the largest stablecoin issuer, came under fire for allegedly misrepresenting the composition of its reserves, which raised questions about the stability of the entire market. Although Tether and other issuers have taken steps to improve transparency, the issue of trust remains a critical challenge for the long-term viability of stablecoins.
Another concern is the environmental impact of stablecoins, particularly those that rely on energy-intensive blockchain networks. While many stablecoins are built on the Ethereum network, which has faced criticism for its high energy consumption, newer stablecoin projects are increasingly turning to more energy-efficient blockchains like Solana and Avalanche.
HONG KONG SAR – Media OutReach Newswire – 30 December 2024 – In September 2024, the Federal Reserve initiated a rate-cutting cycle, lowering rates three times over the year by a total of 100 basis points to a range of 4.25%-4.5%. While this trajectory appears stable on the surface, the VT Markets research team highlights that factors like inflation rebounds, new government policies, and optimistic economic forecasts […]
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 30 December 2024 – The Malaysia Global Business Forum (MGBF) is set to host its first roundtable of 2025, focusing on the dynamic theme of ‘Corporate Community Involvement in Sports‘. The event will take place on 20 February in Kuala Lumpur, bringing together a diverse range of stakeholders to explore how corporate engagement in sports can deliver significant value […]
