One of the main reasons for the marked increase that we saw in the value of stablecoins—until recently—is that they are essentially a gateway from the “regular” financial world to the crypto worlds. It is almost impossible to conduct activities in the Defi worlds with “regular” money, so the first stage will generally be to convert it into a stablecoin.
RESERVE BANK OF FIJI _________________________________________________________________ ADDRESS BY GOVERNOR OF THE RESERVE BANK OF FIJI BARRY WHITESIDE AT THE LISTING OF FREE BIRD INSTITUTE LIMITED ON THE SOUTH PACIFIC STOCK EXCHANGE Venue: Intercontinental Hotel, Natadola, 2 February 2017 Mr Hiroshi Taniguchi, Chair and Chief Executive Officer of Free Bird Institute Limited The Board and Management Team of Free Bird Institute Limited Dr Nur Bano Ali, Chair of the Board of the South Pacific Stock Exchange Ms Latileta Qoro, Chief Executive Officer of the South Pacific Stock Exchange Members of the Capital Markets Industry Members of the Media Invited Guests, Ladies and Gentlemen  Introductory Comments Ni sa Bula Vinaka, “Konnichiwa” and a very good morning to you all!