Mile Unity Foundation Joins London’s Exclusive Private Club Meeting on Stablecoins Future
Dima Vol, a Board Member of the Mile Unity Foundation, took part as a speaker in the panel discussion about the future of stablecoins during the event in the prestigious and exclusive venue The Reform Club. Panel discussion were held in London, U.K. during the one-day meeting ‘Stablecoins: Collaboration Towards Mass Adoption’ made by Stable.Report organisation.
The forum brought together leading stablecoin issuers and stakeholders, as well as plenty of blockchain industry influencers. Among the participants involved in the discussion were top managers and founders from Huobi, BitBay, Forctis, Corion and more. Key topics for the discussion were various ways of effective and mutually beneficial cooperation, joint training of government officials and journalists, as well as legal issues concerning stablecoin industry.
During the event, Dima Vol raised an important question concerning liquidity. Mile Unity’s board member is confident that collaboration between stablecoin projects could be positive for the overall cryptocurrencies market, but raising the amount of projects in this field could create problems for exchanges.
“Crypto exchanges are now attacked by dozens of different stablecoin projects and it is difficult for them to choose the best stablecoin. In fact, they don’t need all stablecoins at once; one or two is enough, so that users can comfortably use them to trade all cryptocurrency,” said Dima.
Due to the competition, Dima warned the event participants that among stablecoins there is a big war for listing on the exchanges which will lead to higher listing fees.
“However, the exchanges give priority to social algorithmic stablecoins, such as MILE, because they have decentralized emissions and obviously everyone can become an emission centre,” Dima Vol said. “This is a fairer system that allows profit not only for exchanges, but also for all members of the community.”
The event was hosted in the head offices of The Reform Club, one of London’s most historic and prestigious clubs, and The Army & Navy Club, affectionately known as ‘The Rag’. The Rag is a private members club originally founded for former and serving officers of the British and Commonwealth Armed Services.