CLARITY Act Stalls; Stablecoin Industry Comes of Age: XREX Group Hosts Stablecoin Summit 2026 in Singapore with Curve and Bridge

SINGAPORE, Sept. 29, 2026 /PRNewswire/ -- The U.S. Senate's recent cloture vote on the CLARITY Act fell short of the threshold needed to advance the bill, underscoring the still-evolving path toward greater regulatory clarity for digital assets. Yet the market is moving ahead. Stablecoins also feature prominently in the bill, including the debate over whether payment stablecoins should be allowed to offer interest or yield. The market has nevertheless grown to nearly US$300 billion, with stablecoins taking on an expanding role in payments and financial infrastructure. The next phase of that evolution will be in focus at Stablecoin Summit 2026, returning to Singapore on 8 October.

"Stablecoins have grown into an independent industry, but there is no single path forward," said Wayne Huang, Co-founder and Group CEO of XREX Group, host of Stablecoin Summit. "Different participants are building for different needs, across markets and regulatory environments. The opportunity now is to create the common infrastructure and standards that can connect these efforts, so value can move more seamlessly between institutions, platforms and markets. That is the conversation we want to advance at Stablecoin Summit 2026."

Organised and hosted by XREX Group, with Bridge and Curve Finance as Title Sponsors, the fourth Stablecoin Summit will explore the stablecoin landscape across different forms of digital money, from CBDCs and deposit tokens to USD- and local fiat-pegged stablecoins, non-fiat stablecoins and DeFi-based stablecoins.

The summit will also examine their expanding applications across interoperability, payments, settlement, the AI economy and supply chain finance, alongside the regulatory developments shaping their use. The full-day program brings together decision-makers across stablecoins, financial services, payments, technology, and regulation to explore how these developments are converging to shape the next phase of the stablecoin industry.

"Stablecoins have won their place in finance, with banks and larger institutions now building around them. There's a clear opportunity for neutral infrastructure that competing institutions can use together without relying on a competitor to run it. That's one of the strengths of DeFi, and we need to keep that openness as adoption grows," said Maximilian Roszko, Business Development Lead, Curve Finance. "That's why I think events like Stablecoin Summit in Singapore are important. Issuers, institutions, and DeFi builders need to work together on these connections, and work out what we can actually build together."

"Having grown up in Asia, this one feels personal to me. We're at a truly revolutionary moment for global money movement, rebuilding the infrastructure of money itself so it becomes instant, borderless, and always on," said Jackie Zhang, Data, Crypto and Issuance, Bridge. "There's so much energy around stablecoins in Asia right now, and I'm excited to be here with the Bridge team, building this future alongside developers and partners in the region."

Stablecoin Summit 2026 will take place at Andaz Singapore on 8 October 2026, bringing together an even broader lineup of regulators, industry leaders and partners, including Peter Kerstens, often referred to as the "Father of MiCA," alongside Curve Finance, Stripe, S&P Global Ratings, Rakuten, Galaxy Ventures, Coinbase, StraitsX, Visa, SAP, Paxos Labs, Aave Labs, and more, to explore the next phase of stablecoin adoption.

Featured Speakers at Stablecoin Summit 2026:

• Wayne Huang, Co-founder and Group CEO, XREX
• Winston Hsiao, Co-founder and Group CRO, XREX
• Michael Egorov, Founder, Curve Finance
• Coral Taylor, Head of APAC Crypto GTM, Stripe
• Peter Kerstens, Advisor, European Commission
• Michal Selbka, Director, DeFi and Digital Assets, S&P Global Ratings
• Hassan Ahmed, Country Director, Singapore, Coinbase
• Tianwei Liu, CEO and Co-Founder, StraitsX
• Raja Chakravorti, Chief Business Officer, Stellar Development Foundation
• Bhau Kotecha, Co-founder of Paxos Labs
• Will Nuelle, General Partner, Galaxy Ventures
• Tushar Gulhane, Regional Lead, SAP
• Sanchit Mall, Director, Crypto & Digital Currencies APAC, Visa
• Naojiro Hisada, Director, Technology Management Services Supervisory Department, Rakuten
• Takaaki Miura, Senior Investment Director, Sony Ventures
• NK Yoon, CBO, Startale Group

"We are seeing strong momentum as stablecoins increasingly demonstrate practical value in areas such as cross-border payments and settlement. The real opportunity is to build the infrastructure, standards and partnerships that enable seamless and trusted adoption at scale. Bringing the industry together through events like Stablecoin Summit helps accelerate that progress, and Asia Pacific continues to be one of the most influential regions shaping the future of digital currencies and its use in commerce," said Sanchit Mall, Director, Crypto & Digital Currencies APAC, Visa.

Stablecoin Summit 2026 is supported by Curve Finance, Bridge, S&P Global Ratings, Enterprise Ethereum Alliance, Midas, Frankencoin, Stellar, Spark, f(x) Protocol, Nara, Accountable, and Gravity Team.

Registration and the full agenda are available at stablecoinsummit.com.

About XREX Group:

XREX Group is a blockchain-enabled financial institution working with banks, regulators, and users to redefine banking together. We provide services to businesses in or dealing with emerging markets, and novice-friendly financial services to individuals worldwide.

Founded in 2018, XREX Group offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, and fiat currency on-off ramps.

Sharing the social responsibility of financial inclusion, XREX leverages blockchain technologies to further financial participation, access, and education.

XREX Singapore operates under the Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS). XREX Taiwan is a regulated VASP that completed its Compliance Declaration on Anti-Money Laundering (AML) with Taiwan's Financial Supervisory Commission (FSC) in March 2022. It passed its AML registration with the FSC in September 2025, becoming one of ten approved VASPs.

Media contact: Yoyo Yu
Email: [email protected]

Media contact: Vasundhara Singh
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Media contact: Mansha Bakshi
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SOURCE XREX Group