OSL Chief Commercial Officer Eugene Cheung: Stablecoin payments urgently need the development of a mature and compliant settlement layer

ME News Report, April 21 (UTC+8): On April 21, Eugene Cheung, Chief Commercial Officer of OSL Group, said at the Money 20/20 Asia Summit held in Bangkok that to enable stablecoin payments to reach institutional-scale applications, one of the core challenges is the need to build a mature compliance and risk management settlement layer capable of supporting complex business needs. Before financial institutions shift large-value business to blockchain, they must be confident that their systems can handle extremely complex legal compliance and asset custody risks—this is also the core reason why OSL has always adhered to licensed operations and focused on institutional-grade infrastructure. He said that the stablecoin payment system needs to measure up to traditional payment giants and establish an efficient “control layer” to handle compliance reviews and global settlement. OSL is also exploring integrating artificial intelligence technology into the control part of payment operations, using AI to enhance compliance decision-making efficiency and risk penetration capabilities. (Source: PANews)