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Toward A United Stablecoin Layer
Recorded: Jan. 20, 2026 Duration: 0:40:39Space Recording
Short Summary
In a recent Xspace discussion, United Stables was introduced as a new stablecoin aimed at unifying liquidity in the DeFi ecosystem. Key industry players from PancakeSwap, Venus Protocol, and Lister Dow highlighted their partnerships and the potential for growth and yield opportunities, emphasizing the importance of collaboration in enhancing the stablecoin's market presence.
Full Transcription
Thank you. Thank you. Thank you. Hey, hey, can everyone hear me?
Is my mic okay?
Yes.
Yes, we can hear you.
Okay, perfect.
Then let's start.
We are 3 minutes past 8 p.m. SGT.
So, hey, everyone.
Welcome to today's Xspace on BNB Chain.
My name is Esther, and I'll be moderating the session today.
And we have put together this session for the community and the listeners out there
to learn about United Stables, the stablecoin designed to unify liquidity across multiple aspects.
And I believe it's also the first time that United Stables is conducting and joining NX space. So this is a
super highly sought after session and it's super exciting to be able to hear from the team directly.
And then we've also invited some of their partners to share on the DeFi aspect of things.
So it's going to be a really fruitful session. Just a disclaimer before we begin that nothing
said here is financial advice and you should
always do your own research before interacting with any webtory protocols or products.
And without further ado, let's just kick off with the introductions.
Why don't we start with United Stables?
Okay, hello everyone.
This is Athena.
So I'm the CEO of United Stables.
So as I take the floor, I first want to thank BNB Chain and also our close partners who have been supporting United Stables on the DeFi ecosystem from day one.
Thank you everyone for being here.
Amazing. Thanks, Athena. Nick's PancakeSwap.
Hello everyone. I'm Doxy here. I'm the BD from PancakeSwap. And yeah, working closely with all
of the partners. I believe most of the partner speakers here we've met before. We've also chat
before. And so yeah, happy to see everyone here. And what I do every day is to make sure
we have enough liquidity either
all of the chain wise and to ensure we have the best price for users happy to meet you guys
thank you so much chef doxi next let's get venus protocol uh hey guys so this is leon from venus
and i'm leading the bdc so thanks for with you also for United the Devils for organizing this amazing MA.
So happy to be here and yeah, looking forward
to the follow up discussions.
Cool, next, Lister Dow.
Okay, thank you Lister.
Hello everyone, I'm Noena, I'm the co-contributor
and also I'm leading BD of Mr Dow.
So super happy to be here.
And also super happy to have this kind of insightful and wonderful discussion with all of the BNB Chain ECO and also with Asina from United Stables.
Amazing, thanks Lorena. And lastly, John from BNB Chain.
Hi guys, this is John from BNB Chain. Hi, guys.
This is Jong from BNB Chain.
I met the BD team covering stablecoin.
Thanks.
Okay.
Thanks, guys.
All right.
So let's just dive in after the introduction.
I want to quickly open up the conversation by running through some brief statistics of
the stablecoin vertical on BNB chain so far.
So I think you guys may already know that in 2025,
BNB chain continued to emerge as one of the most and very active stablecoin communities globally,
with a lot of diverse range of stablecoin models and real-world use cases being built on BNB chain itself.
and real-world use cases being built on BNB chain itself.
And with this, the total supply of the stablecoin on BNB chain
has also doubled last year to now $14 billion.
And I believe as of today, it's sitting at $15 billion market cap on June.
And so within this expanding landscape,
it'd be a good segue to invite Athena from United Stables
to answer the first question.
That is, from United Stables' perspective,
what problem does United Stables aim to solve?
And why did United Stables choose to build on BNB chain from day one?
Okay.
First of all, I want to really congratulations on the great data
that BNB chain have actually already achieved on the stablecoins.
So this is also one of the reasons why we chose BNB Chain as the first native blockchain that we deploy our stablecoin on.
Later I can actually elaborate more on why we chose BNB Chain.
Maybe let's start from the problems and pain points right
now. I think maybe many of the audiences here were the ecosystem players. We're already
in the crypto world for really many cycles. But this cycle is very interesting since the
entry of the institutions in this cycle. We can see the entire stablecoin market has grown significantly. I think now the
total TVL have already exceeding 300 billion. Well, I think there are a lot of competition
in this space. The competition is always healthy. But I also have to lead to a very major side effect, which is about liquidity. So the liquidity is more dispersed than ever.
So now that the stablecoin is still dominated by the great player like USDT, USDC,
but we still can see that the rest of the market also consists of the long-tail stablecoins.
So the pie hasn't really significantly grown in terms of the dApps, but the money has
been really fragmented. So we can see sometimes that there is higher slipperage and also poor
user experiences. So there are so many stablecoins that the user doesn't know which one they should
select. So for United Stables, you know, you can see from the name that we are actually United
Stablecoin. So except from just building another stablecoin that users are already familiar with,
so we are building a unified stablecoin liquidity layer. So for example, we, unlike the most other stablecoins that only allow the fiat or US dollar minting,
we're only opening to the institutions to mint with the US dollar in their account.
We also support, actually we call it a stablecoin inclusive model,
which means that we support the minting not only via fiat, but also through the direct USDT and USDC minting and burn.
So that we actually lower the barrier for the institutions
and also the retail users to join the United Stablecoin ecosystem.
And we also offer the lossless on-chain and off-chain swaps.
So whether for the institutional minting
or the individual convenience,
we want to provide the most seamless path
to aggregate the broken liquidity.
So I should say,
liquidity is actually the number one problem
that we want to solve
and we see in the current market.
The reason why we chose BNB chain was not only because of your great data.
It's also because actually BNB Chain have the largest stablecoin user base in the world.
And also because of BNB Chain have a very great and mature DeFi ecosystem
with the players like Pancake, DAO, and with Venus, and also Lista DAO, I think that is the
perfect ground to really manifest our vision. So you know that we actually started by launching
on-chain instead of launching on the exchange, because we also see the promising future of the
on-chain ecosystem that BNB-Chain is building. Yeah, I hope that answers your question.
Thanks, Athena.
That's a really interesting take
because it does sound like United Stables
is thoughtfully designed to bring liquidity together
rather than competing for it,
which is really different in a smart approach.
So next, can we have John from BNB chain
to sort of give a perspective
from BNB Chain's perspective?
You know, we know that stable coins are one of the core financial infrastructure.
So I'd like to ask Jong, how does BNB Chain think about supporting a diverse range of stable coins,
including a more efficient liquidity layer, just like what Athena spoke about?
Yeah, yeah, of course.
I guess like BNB chain after all is a decentralized and permissionless blockchain
meaning our ecosystem will rely on
and be shaped by builders like United Stables
or ecosystem participants like PCS, Lista,
and Venus and so on.
I think what I do agree with what Isina said, we have largest user base and wallet transferring
stablecoins.
Market cap of BSC reached 15 billion.
And it's the most active DeFi ecosystem.
So I think it's just a cycle that attracts builders to deploy more on BNB chain.
Our role is to really support top builders in this sector, like ones in this AMA, and
more to keep stable coins, I guess, to flow frictionlessly.
One example we do to support that I can give is zero fee carnival.
I think we've been doing this close to a two year now.
Basically, users can transfer stablecoin without gas
from most popular CXs like Binance, BigGet, and so on.
And this is quite long.
And also from your wallets like Binance Web Free Wallet, Trust Wallet, BigGet and so on. And this is quite long. And also from your wallets like Binance Web3 Wallet,
Trust Wallet, BigGet Wallet.
And there's many other lists.
And yeah, if you guys didn't know,
the U is also one of the stable coins supported right now
in this initiative.
And I believe it was also unlimited transfer at the moment.
Okay, cool. Thanks, John, for sharing. Now let's open the floor to some of the DeFi partners that United Stables have. Let's hear from Doxy from PancakeSwap first. So, Doxy, why did PancakeSwap choose to integrate United Stables early on? And what role do you see United Stables playing within the existing stablecoin pools or markets?
All right, thank you. Yeah, I think the most OG assets for RWA is stablecoin, right? We can all
agree on that. Even if this RWA concept is coming out, the stablecoin has been dominant in the market. Users are really finding the
utility of this kind of like medium to trade any assets. So yeah, it's a very good asset.
And so we are pretty supportive in terms of like, since the other base is such a big narrative.
And once the youth, when they are reaching out to us, you know, we take a look at their roadmap.
We think that the biggest problem right now, which is I think someone just stated that before is the fragmentation.
If you go to check on kind of stock tokenized token,
or maybe stablecoin as well. We have a lot of stablecoin, and that sometimes leads to
the liquidity fragmentation. And from the DAX perspective, this is the least thing that we
want to see because our holy grail, our main goal is to elevate capital efficiency from day one.
holy grail um our main goal is to elevate capital efficiency from day one um by having a lot of
different assets with the same like same usd value you are basically uh diverse the liquidity into
multiple pools and with that let's say if user wants to trade um if this user that he has a 10
mil usdc 10 mil usdt 10 mil usd one and there's one big well they
want to trade 20 mil usdt or 25 mil that will easily break the the barrier and you know he's
not able to make that trip because um basically there's just not much liquidity because the
liquidity is being allocated in three pools but with you, as stated with their name, United Stables,
it is kind of like basically a basket of stablecoins
that you can spin back by the stablecoins.
And on the very high level, you can just think about,
we combine those three 30 mil assets together
to make it like a 30 mil TVO pool.
And when users are swapping, you're having three times higher capital efficiency to make
all of swap.
So yeah, when we're seeing like novel idea like this, whenever we're seeing things like
this, we certainly we want to back this kind of novel idea furthermore.
And also with like I mentioned, all of the tokenized stock things
in the future. And also, I think there's one part that I'm very looking forward to, to
see more builders out there on BNB chain is the export to, like AI agent payment track.
US is also very friendly to the AI agent track. I think within their roadmap, it is upcoming really soon in their roadmap.
And yeah, so that's why, like for me,
I think the biggest narrative right now for 2026
might be RWA and how the agent economics
can strive the on chain network.
So, you know, in the future,
if let's say on the best scenario,
you has united all of the stable coin
and all of the LPs, all of the swappers are becoming, you has united all of the stablecoin and all of the
LPs, all of the swappers are becoming agents, agents doing all of the swap.
You can easily talk with all of your wallet agent with simple words like I want to swap
10 USD to BNB and I want you to manage the LPC position.
All of the agent will help you to do things.
We want to be fully ready for
what the narrative is going to, and I think Yu is having the best and perfect position.
So that's why we are back at it. There are still some of the best Yu LP position
yield on PayKas1. I highly recommend all of the guys to check it out.
Yeah, for sure, to earn some cake before the Chinese New Year
and to make some profit.
Amazing, amazing.
Thanks, Chef Dosley, for sharing.
Super, super comprehensive.
Lorena, why don't you go next to share from Listerdow's perspective
on the reasons behind the early integration?
Yeah, sure.
Happy to share.
So we are also a partner of United Stables from day one.
So the reason why we are so bullish about United Stables and why we have such kind of
the deep integration and also strategic partnership with United Stables, there are multiple reasons.
So first of all, it's definitely that overall, like Stables comes on the new market and also
money market have the highest volume demand. So we're always quite open and also quite keen to integrate with stables and actually
have received this with the strong potential.
So definitely you fulfill this kind of the requirements.
And then in the meantime, we have done deep-duty intelligence about it. Whenever it's about a paid system and also it's about
like the compliance perspective or it's about like the design, the mechanism, we find it's
like a very good target for users to borrow and also to interact. Second, when we decided to wish stablecoins to integrate
and to lease, we also found that the on-chain liquidity and also the DeFi compensability
as well as market dips, as well as future growth other future roadmap of stablecoins very important.
And speaking about United Stables, first of all, like Dorsey has shared, so United Stables has
already have some, has also has very good partnership with PancakeSwap. so they also have like very deep integrity there and also there
you will be more and also like with the very innovative and also like so very
good minting mechanism that are not only limited by minting through the
fiat but also minting through like USDT or other stereo phones, definitely were quite
positive that its market cap were continuously growing and also its adoption were also continuously
growing.
So from a money market perspective, it's very important because you're gonna rise the market, the ball in demand,
and as well from which it can also benefit us and become a win-win partnership.
Lastly, but not least, so we also see, okay, so like the yield opportunities and also the programmability.
And also it could be something more important for us.
So for example, like previously,
U has been listed on HTX and they offer 20% of the API within HTX. So which generated a lot of the boring demand and the interest from the users.
generated a lot of the borrowing demand and the interest from the users if they don't
do any hold you so they can just collateralize either their BTC or their ETH to borrow the
U and participate in this kind of interesting campaign.
So the yield opportunities will also drive the borrowing demand and the adoption of the
U. And I believe not only in the central change, but in the future, a lot
of the yield opportunities coming from DeFi or coming from Wallet or other channels will
be massive. So we are looking forward to that. And I believe all the communities are looking
forward to this as well. So yeah, why don't you start with
borrowing some yield from Nista
and then seek some interesting year opportunities
and get some interesting juicy years
for the Chinese New Year.
Yeah, and also I forgot to mention one point
which is also very important.
It's like security.
So security no time includes like regarding stablecoin, no time in towers, for example,
like what I mentioned, the peg mechanism, but also like smart contract audit and also the transparency
of the reserves, everything. So when we did the dual engine, when we were doing the Dueling genes about Stables, about United Stables, we found they
also have smart contracts audits that are audited by the tier one auditing firms and
with everything that were detailed and transparent.
So we found that it's something that way good for us to have the
pension
as well
so there
could be
less concern
of the
security
so yeah
these are the
reasons that
we are
very bullish
about
United Stables
and we
were
happy
to become
trading
partners
of them
from the
day one
thank you
amazing thanks Lorena for your insights greatly appreciate it now let's panels of them from the day one. Thank you. Amazing.
Thanks, Lorena, for your insights.
Greatly appreciate it.
Now, let's hear from Leon
from Venus Protocol now.
Leon, could you share
what are some characteristics
of the United States, perhaps,
that make it suitable
for on-chain borrowing and lending
like what Lorena mentioned just now,
specifically on BNB chain?
Oh, yes, yes, for sure.
So, just follow the
conversation from uh dacson also from the lorina i think they uh mentioned two very good points
the first thing will around the liquidity because um liquidity is the most important thing for
learning protocol also for decks as well because we need to focus on the liquidation so if the
liquidity is not that deep so this will remain very high risk for us.
So thanks to Pancake for, I mean, offering the kind of good number and thanks to UTIN for providing that. The second thing I want to say is just, I mean, two main points for the visibility
I can see from the United Stables. So the first is that, so United Stables can be regarded as the
branch assets for the DeFi looping. I think Lorena also just mentioned around this,
because any default ecosystem, if you truly want to grow it,
there are some use-bearing assets for sure.
They can provide a use for users.
But another thing we are leading right now is that
how to get a cheaper, I mean, stables.
So you right now remain the position for us to have more and more default adoption.
That's our point too.
And another thing I want to mention is that
because in this coming two weeks
we're gonna issue our new products which is called the VenusX.
So in this case we're gonna have our internal decks
also the lending and we're happy to onboard United Stables to join our
day one launch assets
at the stables. So this wall, I mean, have so many multiple layers for DeFi, also for
an exchange to Dex also lending. The first thing is that, so in the past we only can see the liquidity
on Pancake, but in the future we can see liquidity on Bitas as well. One is for the LP farming,
another thing is that the collateral can also be
regarded to borrow money from us. So this is a tech innovation in this case. And another thing
is that so in the future people can also enjoy the cheaper borrow rates by borrowing you out
because we got a smart debt model. So later we have more kind of guide to show you guys around this topic.
So that's, I mean, basic topics in the past for DeFi,
but also I want to mention maybe one more point
around AI payments,
since my background is more on the AI DeFi.
Cause I mean, in the first kind of scenario,
I mean, Asena also shared many interesting things
around AI payments, around kind of transactions or zero gas fees. also share many interesting things around air payments around kind
of transactions or zero gas fees so what i'm interested in to dive deeper is called the
x402 which can make ai payments faster and this can also influence uh for lending protocol a lot
so how does this happen so i can give you guys one example about agents payments. So if you guys are running the autonomous car on the
highway, so if you want to transfer from point A to point B, so in the traditional model it takes
a lot of time, but in the future the AI can help you guys to calculate which way is the most
efficient way. So you can pay extra money to make it from point A to point B, just 10 minutes, because others will save the wait for you.
So in this case, that's how AI agent payments can be adopted.
But in the past, USDT and HDC cannot make this happen.
So that's, I think, U remains a very good position on this.
So that's point one or scenario one.
So how does this engage with DeFi?
Here comes the very big themes.
So you can position us also, I mean the Lista as the flexible use infra. So like you open like
one thousand cards for the AI agent payments. So each time maybe you just, I mean, deduct
ten dollars for the high speed fee. But for the rest of the 900, this can be deposited into
Lista or Venus to generate more yields. So in this case, we add a flexible use infra
for AI payments. So that's the big future I'm seeing right now. And the third thing
is around future adoptions. We're just looking forward. Thank you.
adoptions, we're just looking forward.
Yeah, thank you.
Cool, thanks Leon for sharing.
Super appreciate it.
Now, I hear the term fragmented liquidity
a lot throughout this space.
And so, Athena, it'd be great
if you can sort of explain further
what unifying fragmented liquidity
really means in practice
and how United Stables
is going to fully embrace
this position okay um i would like to maybe highlight uh from the word that i want to
alcohol what doxy said is about the capital efficiency uh is this what is extremely important
on defy um so i would say number one is to maximize the capital utilization.
Because as I said, for the users, they can use a basket of the top tier stablecoins to mint, except US dollars.
So we act as a kind of a passport across the major protocols
and to eliminate the need to constantly swap between the different stablecoin pairs.
And this can reduce the friction cost. and to eliminate the need to constantly swap between the different stable coin pairs.
And this can reduce the friction cost.
And also we aim to work with all the protocols to really maximize the capital efficiencies.
And number two, I would say, maybe we didn't talk about this point before,
is about united between Web 2 and Web 3.
So I think on-chain world is not isolated. So we always say if we want to push DeFi, we want to push this crypto world to a next level, we need to really
bridge Web2. So the liquidity is currently also fragmented because there's a wall between the on-chain assets and the real world.
So I was actually very excited about BNB Chair have introduced a lot of RWA assets and also RWA effort.
So long story short, for United Stables, one of the differences that we are actually building is
we also have our great tier one fiat channels.
So we are uniting the fiat world also with DeFi directly by the United Stables,
the U-Stable coin as a bridge.
So we're integrating the high quality U.S. dollar channels
and also we're expanding into the local fiat gateways in some emerging market as well.
So the currencies between currencies friction will going to be lower
through the bridging from the United Stables.
So we are ensuring that U is not just a digital asset,
it's not just a stable coin, but also a medium of the money exchange.
And the next one is about the real world utility. So we are actually also very focused on building the real utility like payment, AI payment.
You know, we have a slogan called You Forever One.
This is not just a slogan.
So this is because in the future, actually our world is really evolving significantly.
So now we're saying everyone,
we actually assume that everyone is human beings.
But the vision that we are seeing
and we are building right now is,
we believe that in the future,
so everyone also include the AI agents.
So we also want to support from day one,
as we have the XM4-2 protocols supported,
that we believe that the actual AI payment
is also going to be blooming in the future.
So we also want to support both human being payment
and also AI agent payment
as a very important real-world utility as well.
So I would say the capital efficiency
and also the very good VR channels
to reduce the frictions between Web 2 and Web 3
and also the real-world utility would reduce the frictions between Web 2 and Web 3,
and also the real-world utility would be the key thing that we are building towards the vision of a united future.
Okay, amazing. Thanks, Athena.
I hear capital efficiency a lot.
I hear friction reduction between Web 2 and Web 3 a lot.
I also hear real-world use cases a lot.
So key takeaways for listeners who, you know,
if there's something that you want to take away from this space,
it'd be these three keywords.
Now, we're running a bit out of time,
so I'm going to go ahead to start closing things out
with one last question that I'm going to ask all speakers
to sort of share their perspective one by one, right?
So the question is, what does success look like for building a more united and sustainable stablecoin
layer, say in the next 12 to 18 months? Why don't we start with Jong?
Yeah, sure. I guess like stablecoins are like essentially like the backbone of on-chain economy, and certainly
we're seeing the mainstream adoptions. I think 12 to 24 months period, I'd say a true success.
It is true success if this united sustainable stablecoin layer is leveraged to bring innovations.
stablecoin layer is leveraged to bring innovations.
I know, like, Dina mentioned a lot about a genetic economy and so on.
So, yeah, something like that,
if we see this innovation is pushed by the sustainable layer,
then it would be a success.
okay cool chef doxy you want to go next i think um the the best scenario from the fundamental
Okay, cool.
Chef Dossi, you want to go next?
perspective is to have deep liquidity um with all of the coins and the rationale behind of this is
because whenever users are trading your like let's say if i want to trade um to solana on bm chain
say if i want to trade um to solana on bnb chain um you know all of the routes will be directly um
indirectly routed through like let's say you to solana this pool and you know by having all of
the routes traded to your pool you are basically scaling up the adoption first and second is that
you're having a very good apr on the lp wise so lp will want to you to buy your token to be your LP, to be able to earn all of those fees.
On the long term, under the best scenario, you are dominant on the market and users are
constantly swapping your pool. Eventually, you are having the highest adoption. And I think in a way
that from United Stables, their roadmap, they want to unite all of the
liquidity in terms of stablecoin.
So I think, yeah, they are on the right track and they are having the right roadmap.
And it is just a matter of time, you know, whether they are going to be the main dominant
stablecoin on all of the blockchain network.
Thanks for sharing, Chef Doxy.
Next, let's get Lorena.
Sure, so looking ahead for the upcoming let's say 12 to 24 months, I'm still quite bullish about
United Stables. I believe it will become the number one stablecoin in terms of the market cap and also the adoption. So I'm really looking forward to seeing the wide adoption of the United Stables in different
sectors, for example in DeFi and also like in PayFi and also like the aging economy that
United Stables have knowledge, as well as in other scenarios that can really bridge the trade
file and also bridge the tokenized assets and also bridge the web2, web3 through United Stables.
In the meantime, my belief United Stables will also have, let's see, can unlock more capital efficiency and also unlock more liquidity
to all the partners and also to the BNB chain eco overall. So super bullish about that.
We love to keep building with United Stables and also with the whole BMC and E-Code and to see why we can bring together to the future of the stable code.
Amazing. Thank you, thank you, Lorena. And we have Leon.
Yeah, sure. So I just want to mention three breakthrough points for United Stables in the future for
the success.
So the first thing we're doing is that we're truly utilize that as our treasury assets.
So this will be a very big breakthrough for any stables because the assets you put into
your treasury, which means you trust these assets.
You also see a lot of potential about the assets.
So if you check our candidate public address, should be getting ready to uh swap some of the t-ordc to into you
to boost the growth also i mean maintain our stability in the stables that's the practice
one we're doing right now and the second thing we're doing right now is that try to level up
as the branching assets between traditional and decentralized finance.
As Asena already mentioned that they're going to
dive deeper in RWA adoptions to be as a Seattle Stables
to buy the RWA.
What we can do is that we are playing the role
as lending platform.
So people can using United Stables to buy RWA assets,
then deposit the honors to collateral honors
to borrow you again to buy the assets again.
So in this case, they are the bridge assets between traditional and decentralized kind of
finance. That's point two I want to mention. And the third is that I think I just showed an
example in the in the past question. So I'm super kind of looking forward to the air payments by using united stables because i mean
the x402 protocol is truly a burst for it and uh since i'm a background in the past so i'm super
bullish on that and for venus we're very uh i mean excited to be as the flexible use so people can i
mean okay using you you like tables as a payments money They can also earn the flexible use of winners or kind of Lista to have, I mean, better capital efficiency.
Those are three kind of breakthrough points I would mention.
So thanks for all.
Thanks, thanks, Leon.
Super comprehensive.
Love it.
And lastly, let's go to Athena to share
what does success look like for United Stables?
Sure. I think all the partners have really shared a very great world.
So I will make it very high level.
I think actually building Stablecoin, how to really value the success?
I think we see the Stablecoin is also actually a product and also commodity.
So as for a product to win,
I think it must offer the superior service
and also the real utility.
This is how you win the users,
how you win the trust from the communities,
from the institutions.
So this is actually our philosophy, right?
We want to provide the best service
in the ecosystem to win.
I think no matter we're talking about DeFi,
like capital efficiency, AI payment,
or even building the meme ecosystem on Launchpad
or the exchange ecosystem,
we want to actually see you and the United Stable
could really become an underlying infrastructure
for supporting all the above-mentioned ecosystem protocols and services.
So for example, you are now sending a message to the others.
You don't really need to understand what is the mechanism behind sending a message on WhatsApp or WeChat.
We want to see that through the very deep collaboration with all the DeFi protocols
and also other ecosystems players, we see, okay, this is the money.
This is actually a service you are using.
You don't need to really care more about what is the very complicated underlying technology.
We build the technology.
We actually upgrade our service for the users who just need to care about how seamless they
can use this simple money in all the systems that we're building together.
I think this is also the vision for all the partners now today in the the systems that we're building together. I think this is also the vision
for all the partners now today
in the AMA that we aim to build.
Thank you, Athena, for wrapping it up so nicely.
So now we are closing out this X-Space.
And before we end,
I want to give a quick shout out
to all the speakers, co-hosts,
United Stables, all for listening as well.
If you're still listening now, follow United Stables to stay updated with all their developments.
And of course, follow all the guest speakers as well.
BankExplore, BlisterTile, Venus Protocol.
You know, they are some of the most longest and top DeFi players in the BNB chain ecosystem.
So give them a follow and stay updated
with their developments.
And by the way,
this session is also recorded.
So if you join halfway
and miss the initial segment,
feel free to also go back
to listen to this recording.
And once again,
thank you all for joining
this Xspace.
If there are any sort of like
developments you want to follow,
just stay tuned to
everyone's X account here and
yeah we'll see you in the next one thanks so much thanks all speakers for joining and taking your
time thank you guys bye bye bye bye bye have a good day.
Insights
Project L
United Stables is introduced as a new stablecoin designed to unify liquidity across various aspects of the DeFi ecosystem, marking its entry into the crypto space.
And we have put together this session for the community and the listeners out there
to learn about United Stables, the stablecoin designed to unify liquidity across multiple aspects.
And I believe it's also the first time that United Stables is conducting and joining NX space. So this is a
P
The session includes partners from various DeFi projects, indicating strategic collaborations that enhance the ecosystem surrounding United Stables.
And then we've also invited some of their partners to share on the DeFi aspect of things.
So it's going to be a really fruitful session. Just a disclaimer before we begin that nothing
said here is financial advice and you should
Athena highlights liquidity as a major problem in the current market, emphasizing United Stables' goal to address this issue, which is crucial for growth in the DeFi space.
that we want to solve
and we see in the current market.
The reason why we chose BNB chain was not only because of your great data.
Athena mentions that BNB Chain has the largest stablecoin user base, which is a significant factor for the growth potential of United Stables.
It's also because actually BNB Chain have the largest stablecoin user base in the world.
And also because of BNB Chain have a very great and mature DeFi ecosystem
with the players like Pancake, DAO, and with Venus, and also Lista DAO, I think that is the
The discussion reflects a trend towards creating unified liquidity solutions in the stablecoin market, showcasing a shift in how stablecoins are perceived and utilized.
Thanks, Athena.
That's a really interesting take
because it does sound like United Stables
Doxy from PancakeSwap discusses the integration of United Stables, highlighting the importance of partnerships in enhancing liquidity and capital efficiency.
Okay, cool. Thanks, John, for sharing. Now let's open the floor to some of the DeFi partners that United Stables have. Let's hear from Doxy from PancakeSwap first. So, Doxy, why did PancakeSwap choose to integrate United Stables early on? And what role do you see United Stables playing within the existing stablecoin pools or markets?
All right, thank you. Yeah, I think the most OG assets for RWA is stablecoin, right? We can all
agree on that. Even if this RWA concept is coming out, the stablecoin has been dominant in the market. Users are really finding the
Lorena from Lister Dow emphasizes their strategic partnership with United Stables, showcasing the collaborative efforts to enhance the stablecoin's market presence.
Yeah, sure.
Happy to share.
So we are also a partner of United Stables from day one.
Leon from Venus Protocol discusses the characteristics of United Stables that make it suitable for on-chain borrowing and lending, indicating potential yield opportunities.
from Venus Protocol now.
Leon, could you share
what are some characteristics
Leon mentions the upcoming launch of VenusX, which will include United Stables as a key asset, highlighting the yield opportunities for users.
That's our point too.
And another thing I want to mention is that
because in this coming two weeks
The closing discussion focuses on the future success of United Stables, emphasizing its potential to dominate the stablecoin market and drive growth in the DeFi ecosystem.
So the question is, what does success look like for building a more united and sustainable stablecoin
layer, say in the next 12 to 18 months? Why don't we start with Jong?
Yeah, sure. I guess like stablecoins are like essentially like the backbone of on-chain economy, and certainly
