Singapore Firms Eager to Tap Stablecoins and AI for Overseas Expansion: Poll

Local firms expanding abroad face hurdles such as differing regulations in markets, but artificial intelligence and digital currency could help make the process easier, noted a study.

- Sheila Chiang

It found that 85 per cent of businesses polled were confident about reaching customers in new markets within the next year, while 62 per cent plan to adopt stablecoins for payments.

Stablecoins are a type of cryptocurrency whose value is pegged to a currency, commodity or financial instrument to reduce price volatility.

They are seen as a more stable medium of exchange—particularly for international trade—than volatile tokens like Bitcoin.

Yet around 25 per cent of those surveyed said they were not familiar with stablecoins, with only 19 per cent already using them.