Stablecoins Poised for Growth Amid Regulatory Clarity
Kate Cooper, CEO of OKX Australia, anticipates a "proliferation of stablecoin activity" if Australia implements clear digital asset regulations following the 2025 federal election. She emphasizes that institutional adoption—particularly by banks—hinges on regulatory frameworks that provide certainty.
"When I was at NAB, regulatory clarity was the key barrier. For institutional adoption to take hold, we need fit-for-purpose rules," Cooper told Cointelegraph.
Key Drivers of Institutional Adoption
- Regulatory Certainty: Banks and financial institutions require unambiguous guidelines to move beyond proof-of-concept stages.
- Global Trends: 2024 saw global institutions ramp up stablecoin use for real-world applications (e.g., cross-border payments, settlements).
- Local Readiness: Australian entities are "poised to jump on the opportunity" once regulations are formalized.
👉 Why stablecoins could redefine Australia’s financial landscape
Crypto Voters May Influence Election Outcome
Research by Swyftx and YouGov reveals:
- 3.9 million Australians own crypto.
- 59% would vote for the most pro-crypto party.
Jason Titman, Swyftx CEO, notes:
"This is the first election where crypto voters could swing the result."
FAQs
Q: How might stablecoin regulation impact everyday Australians?
A: Clear rules could unlock faster, cheaper remittances and institutional-grade crypto products.
Q: Which parties are leading crypto policy discussions?
A: Both major parties have engaged with industry—but specifics remain undeclared ahead of the election.
Q: What’s the timeline for crypto legislation?
A: Drafts have been in development since 2023; Cooper expects post-election action.
👉 How Australia compares to global stablecoin adoption
The Road Ahead
Cooper highlights:
- Banks are transitioning to "real-world use cases" (e.g., asset tokenization).
- Election dynamics could accelerate regulatory progress if crypto voters mobilize.
"2025 could be Australia’s year of the stablecoin," she added.
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