Bitbase Chief Business Officer Nicholas Lo stated that the digital economy faces a critical shortage of spending venues despite strong user adoption. Speaking at the HSC Asset Management Singapore "Digital Economy Infrastructure" roundtable alongside representatives from Tether and Galaxy Digital, Lo highlighted that while earning has successfully moved on-chain, spending infrastructure has yet to catch up. Survey data presented at the event reveals that 39% of crypto users and potential users already earn stablecoin income, but only 27% of stablecoin holders utilize them for everyday payments. Lo emphasized that capturing this spending gap is essential for capital retention in the evolving digital asset ecosystem.