Avalanche is enhancing its Layer 1 blockchain for businesses to foster the growth of its stablecoin ecosystem. At the “Global Business Strategy in the Stablecoin Era” summit in Seoul, industry leaders highlighted innovative Avalanche-based applications, including AI agent payments and RWAs-backed stablecoin FUSD. Kim Yong-il, Avalanche’s Asia business head, emphasized that each company will soon require a customized Layer 1 blockchain, vital for addressing core business challenges. Stablecoins are positioned to revolutionize cross-border trade and remittances by decreasing costs and time, while providing a robust payment framework. KITE AI’s Sonia Zhang noted stablecoins enable efficient automated payments via AI agents, exemplified by a demo on Uber Eats. Furthermore, Fosun Wealth’s Chen Zhao pointed out that stablecoins enhance liquidity in the RWA market, crucial for asset trading. Pahar Rasul of Axiym showcased how stablecoins streamline international transfers, granting institutions greater control and reducing reliance on traditional banking systems.
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