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Stablecoin Summit 2024 Returns to Singapore – Leaders of DeFi and Traditional Finance Convene to Foster Blockchain Finance Adoption

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SINGAPORE, Aug. 29, 2024 /PRNewswire/ — Imagine a world where forex settling houses are replaced by smart contracts. A world where remittance charges are replaced by gas fees. Or one where corporations can move money around the world with lightning-fast, fully transparent, and trustless settlements.

This is no longer a figment of the imagination: stablecoins are here.

Organised by XREX Inc., Unitas Foundation, and Co-Hosted by First Digital, the Stablecoin Summit Singapore returns for its second edition. Brimming with top-tier speakers and cutting-edge content, the summit promises to build on the success of its inaugural edition, which saw over 300 attendees, including founders from top stablecoins, DeFi protocols, and Singaporean institutions.

Speakers at this year’s edition include leaders from top stablecoins including Circle, Paxos, FDUSD, Ethena, FRAX, and many more, alongside a full suite of industry veterans, including founders or leaders from AAVE, Stellar, CELO, Truflation, Coinbase, and more. Other notable speakers include Austin Campbell, an NYU Stern professor who has advised global banks and leading governments on stablecoins, and Raagulan Pathy, co-founder of KAST, who has an established track record of moving stablecoins across entire regions.

From beyond the stablecoin sphere, the summit features leaders from organisations that move trillions of dollars globally, including Tazapay, SAP, and Worldpay. Our speakers will cover a wide range of topics, including:

Innovating Cross-border Payments: How stablecoins are transforming international transactions by making them faster, more cost-effective, and accessible.Empowering Emerging Markets: The role of stablecoins in enhancing financial access and economic growth in regions with limited financial infrastructure.Impact of Stablecoins & CBDCs on Global Finance: Exploring the effects of digital currencies on monetary policy, central bank control, and global financial stability.Enhancing Stability through Tokenisation: Leveraging tokenised real-world assets to increase the resilience and security of stablecoins.Institutional DeFi and Stablecoins: Opportunities and challenges for integrating stablecoins into institutional decentralised finance.

Stablecoin Summit Singapore 2024 aims to accelerate the cross-pollination between stablecoin issuers, DeFi protocols, and global institutions. Aside from our speakers and sponsors, the event will feature attendees from global and regional banks, as well as leaders in financial consulting, AML/Compliance, and more. 

“We are excited to bring Stablecoin Summit back to Singapore. With more maturity in regulatory technology and compliance standards, stablecoins now have an undeniable product-market fit. XREX looks forward to growing this space with industry peers, financial institutions, and regulators, to grow the future of blockchain finance.” – Wayne Huang, Co-founder & Group CEO, XREX

Singapore’s position as an international financial hub in Asia makes it the ideal location to convene industry leaders and spearhead meaningful and sustainable innovation. First Digital is proud to co-host the Stablecoin Summit 2024 alongside XREX and Unitas, where we will highlight the transformative role of stablecoins in reshaping global payment systems. Together, our shared goal is to enhance education and awareness, driving the accelerated adoption of stablecoins worldwide” – Vincent Chok, Founder & CEO, First Digital

“I’m excited to be returning to Stablecoin Summit. It’s clear stablecoins have escape velocity as true digital money, and will be a key enabler to bring billions of users on chain. Stablecoin Summit is a fantastic, high energy venue that brings builders, operators, and investors together to share perspectives and debate the future of money” – Hassan Ahmed, Country Director Singapore, Coinbase

“Stablecoins are one of the most exciting areas in FinTech today. Singapore is absolutely on the leading edge of innovation in the crypto sector, and Stablecoin Summit is a premier event bringing together global experts and major industry players. It’s both a blessing and a curse that the crypto sector is defined by remote, borderless work. Events like Stablecoin Summit help create communities and remind us of our shared sense of purpose to reinvent the global financial system.” – Joao Reginatto, CSO, M^0

About the Organisers:

XREX is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. XREX provides enterprise-grade banking services to small to medium-sized businesses (SMBs) in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide. XREX Singapore operates under the Major Payments Institution (MPI) license issued by the Monetary Authority of Singapore (MAS).

Unitas Foundation is the team behind Unitas Protocol, which defines a new stablecoin category — unitized stablecoins. These serve as units of account representing emerging market currencies. Unitas’ unitized stablecoins are over-reserved with exogenous USD stablecoins (e.g., USDT, USDC, Dai), thereby providing transaction ease and efficiency for people in emerging markets while secured by underlying USD stablecoin value.

First Digital specialises in providing bespoke multi-asset Custodial, Trust, Payments and Stablecoin solutions to businesses, financial institutions and family offices navigating the next frontier in finance.

First Digital Labs is the brand name of FD121 Limited, a Hong Kong-registered subsidiary under the First Digital Group. First Digital Labs is building a portfolio of stablecoins with uncompromising trust from Asia, designed to meet the needs of global businesses and institutions to facilitate efficient and compliant global expansion, cross-border payments and trade settlements.

First Digital USD (FDUSD) is a fully 1:1 USD-backed stablecoin with uncompromising trust by design offering integrity, accessibility and scalability. FDUSD is always redeemable on a one-to-one basis for cash. Reserves are fully backed by highly liquid cash and cash equivalent assets, held in fully segregated bankruptcy-remote holding structures. Collateral is safeguarded by a top-tier, qualified custodian with a trust license for seamless asset protection and regulatory compliance, with independent attestation reports published monthly. FDUSD is issued onshore out of Asia, is the first native stablecoin on the Sui network and currently available on Ethereum and BNB Chain. FSUSD has since become one of the top five USD-denominated stablecoins by market cap. To learn more about FDUSD, visit www.firstdigitallabs.com

For more information and to register for the event, visit Stablecoin Summit Singapore 2024.

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SOURCE Unitas Foundation; XREX Inc.

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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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SOURCE Niutech

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