Singapore’s Token2049, world’s biggest crypto event, draws 25,000 amid US policy shift
Crypto enthusiasts from around the globe descend on the city state, preaching a future where blockchain-based technology dominates
Participants from more than 160 countries formed a queue stretching hundreds of metres outside the Marina Bay Sands convention centre in the morning. The two-day event features five simultaneous forums and hundreds of industry-related booths, complemented by live music, coffee stands and even a tattoo station.
“It was a year ago on this very stage, they were making fun of what we’re trying to do, and now we’re the fastest-growing stablecoin ever,” he said, promoting his venture and USD1, its stablecoin, to an enthusiastic crowd. “I think we’re doing pretty good.”
The annual gathering takes place at a pivotal moment, following a shift in the US regulatory approach to the cryptocurrency industry.
The Trump administration’s supportive stance and promise to position America as a “bitcoin superpower” are opening doors for traditional institutions and investors to engage more actively with stablecoins and other crypto-based assets.