Core Insights - The seminar focused on the explosive growth of stablecoins, regulatory reshaping, and payment transformation in the Web3 payment industry [1][3] Group 1: Stablecoin Market Dynamics - The stablecoin market is characterized by a significant scale and oligopolistic effect, with USDT and USDC accounting for over 86% of the market share [3] - There are seven key information gaps between traditional payment systems and stablecoin payments identified by industry experts [3] Group 2: Regulatory and Compliance Framework - Discussions highlighted the importance of a robust technical compliance framework for stablecoins, including risk management and anti-money laundering (AML) measures [3][5] - The need for a risk-based transaction monitoring system to track the flow of stablecoins and maintain a blacklist of sanctioned addresses was emphasized [3] Group 3: Innovation and Licensing in Crypto Payments - The seminar covered the innovative pathways and compliance practices for crypto payments, detailing licensing requirements in major regions such as the EU and Singapore [7] - The EU's MiCA CASP licensing requirements were specifically discussed, including capital requirements and management reviews [7] Group 4: RWA as a Use Case for Stablecoins - Real World Assets (RWA) were identified as a valuable application scenario for stablecoins, providing significant use cases within the stablecoin ecosystem [10] Group 5: Industry Perspectives and Future Directions - The roundtable discussion addressed the regulatory landscape for stablecoins globally, with a focus on the challenges and pathways for implementation [11] - Experts suggested that practitioners in the Web3 space should prioritize entering regions with mature regulations to gain experience in compliance and industry logic [12]