Amy Zhang, Head of Asia-Pacific at Fireblocks, discussed the growing adoption of stablecoins in Asia and the integration of blockchain technology in financial systems during a recent episode of "Clearing Spotlight." Zhang emphasized the transformation in the "trust structure" of financial transactions, highlighting that billions of dollars are now moved daily without traditional intermediaries. She noted that regulatory clarity, technological maturity, and liquidity convertibility are key drivers of stablecoin adoption in the region. Zhang explained that stablecoins offer efficiency by combining information and settlement in a single transaction, which is particularly beneficial for industries with high working capital requirements. Despite stablecoins not yet surpassing traditional cross-border systems, they are gaining traction in sectors previously underserved by traditional finance, such as e-commerce and digital businesses. Zhang also pointed out that regulation acts as a catalyst for adoption, providing determinism and enabling institutions to operate at scale. The discussion also covered the integration of traditional finance with cryptocurrency finance, with banks and payment service providers exploring stablecoins as a new payment channel. Zhang highlighted the importance of balancing innovation and risk management, suggesting that not all processes need to be on the blockchain. She concluded by encouraging financial executives to view stablecoins as an additional track rather than a replacement for existing systems, emphasizing the opportunities presented by regulation.