Stablecoin Odyssey 2026 · Hong Kong
In 2025, stablecoins processed nearly $46 trillion in annual transaction volume, with total market capitalization exceeding $300 billion. What once lived quietly inside crypto rails has begun to break free—evolving from niche infrastructure into the early contours of a global settlement layer. Across the stack, something fundamental is changing. From upstream reserves and issuance, through midstream protocols and settlement infrastructure, to downstream wallets, payments, and yield-bearing financial tools, the stablecoin ecosystem is no longer a collection of isolated ports.
It is becoming a river of value. Sourced from sovereign assets, corporate treasuries, and onchain liquidity, this river flows through protocols and networks, carving new trade routes and carrying capital toward real-world commerce, coordination, and everyday use.
In February 2026, Stablecoin Odyssey sets sail alongside Consensus Hong Kong, bringing together builders, issuers, infrastructure providers, and operators navigating this river firsthand. Gathering those arriving in Hong Kong—and those already anchored here—the event aims to chart the currents of 2026, bridge upstream and downstream, and explore the new frontiers of stablecoin-driven finance.
在 2025 年，稳定币的年交易量接近 46 万亿美元，总市值突破 3000 亿美元。曾经只在加密轨道中悄然运行的基础设施，正开始走向更广阔的世界——从一个小众的技术组件，演变为全球结算层的早期轮廓。在整个技术与产业堆栈中，一场根本性的变化正在发生。从上游的资产储备与发行，到中游的协议与结算基础设施，再到下游的钱包、支付以及生息型金融工具，稳定币生态已不再是一个由孤立港口组成的集合。
它正在成为一条价值之河。这条河流源自主权资产、企业财库与链上流动性，穿行于协议与网络之间，开辟新的贸易航线，将资本输送至真实世界的商业、协作与日常使用场景之中。
2026 年 2 月，Stablecoin Odyssey 将与 Consensus 香港大会 同期启航，汇聚那些正亲身航行在这条价值之河上的建设者、发行方、基础设施提供者与运营者。无论是因大会而来港，还是已在此扎根的参与者，本次活动旨在共同勘探 2026 年的水流与方向，打通上下游，探索由稳定币驱动的金融新大陆。
Thesis 主题
Building Payment Blockchains for the Agentic Economy - Payment blockchains are becoming the global settlement layer, with stablecoins serving as the shared unit of account for people, businesses, and an emerging agentic economy.
Structuring Real-World Assets and Yield-Bearing Stablecoins - On-chain real-world assets such as gold and yield-bearing stablecoins are forming practical asset and yield layers for portfolio allocation, income generation, and risk management.
Powering Applications Through Infrastructure Alignment - Issuers and infrastructure providers are aligning around downstream needs, enabling payments, cards, stablecoin acquiring, on/off-ramps, and investment products such as YBS and PayFi to scale.
Financing and Investing Across the Stablecoin Stack - Capital is flowing across the stack, with focus shifting toward sustainable revenue models, real cash flows, and long-term scalability.
Scaling with Compliance and Risk Management - Compliance has become core infrastructure, defining how and where stablecoin products can scale—especially in institutional and regulated markets.
构建面向智能体经济的支付公链：支付公链正演进为全球金融的通用结算层，稳定币作为人、企业与正在形成中的智能体经济之间的共同计价与结算媒介。
结构化真实世界资产与生息稳定币：以黄金为代表的真实世界资产上链，以及生息稳定币的成熟，正在形成务实的资产与收益层，为资产配置、收益获取与风险管理提供基础。
协同基础设施赋能应用：发行方与基础设施提供者正围绕下游需求进行协同，推动支付、U 卡、稳定币收单、出入金，以及 YBS、PayFi 等投资理财产品的规模化发展。
推动稳定币全栈的投融资与资本配置：资本正加速流向稳定币产业链各环节，投融资关注点从增长叙事转向可持续收入、真实现金流与长期扩展能力。
在合规与风控框架下实现规模化扩展：合规已成为基础性设施，链上反洗钱、法律框架、审计与托管标准，正日益决定稳定币产品能够走多远、走多大。
Agenda 议程
13:00 – 13:30｜Boarding the River
Signing In and Mapping Positions
登船集结｜签到与生态定位
Participants check in and identify their position across the stablecoin stack, setting a shared context for cross-layer collaboration.
与会者签到并标注其在稳定币产业链中的位置，为后续跨环节交流建立清晰坐标。
13:30 – 13:45｜Setting the Course 汇流定向
Opening Remarks & Landscape Overview
开场致辞与全景梳理
The host showcases the 2026 HK stablecoin landscape and frames the core themes guiding the day’s discussions.
主办方展示《2026 香港稳定币全景图》，明确本次活动的核心主题与讨论脉络。
13:45 – 14:25｜Shaping the Source 源头塑形
PANEL ONE - Building Payment Blockchains for the Agentic Economy
圆桌一：构建面向智能体经济的支付公链
This panel explores how payment blockchains are evolving into general-purpose settlement layers serving people, businesses, and the agentic economy.
探讨支付公链如何演进为通用结算层，并支撑个人、企业与智能体经济的协同运行。
14:25 – 15:05｜Structuring the Flow 价值筑基
PANEL TWO - Structuring Real-World Assets and Yield-Bearing Stablecoins
圆桌二：结构化真实世界资产与生息稳定币
A discussion on how RWA and YBS provide durable value, yield, and risk buffering for the stablecoin ecosystem.
讨论 RWA 与生息稳定币如何为稳定币体系提供长期价值支撑与风险缓冲。
15:05 – 15:20｜Riverbank Interlude 河岸补给
Networking Tea Break
中场茶歇与交流
A short networking break designed for informal conversations and quick ecosystem connections.
供与会者进行轻度交流与初步对接。
15:20 – 16:00｜Powering the Delta 河道驱动
PANEL THREE - Powering Applications Through Infrastructure Alignment
圆桌三：以基础设施协同驱动应用规模化
This panel focuses on how upstream and midstream coordination enables downstream applications—such as payments, cards, acquiring, on/off-ramps, YBS, and PayFi—to scale.
聚焦上中游如何协同赋能支付、U 卡、稳定币收单、出入金，以及 YBS、PayFi 等下游应用的规模化落地。
16:00 – 16:40｜Fueling the Current 资本加速
PANEL FOUR - Financing and Investing Across the Stablecoin Stack
圆桌四：稳定币全栈投融资与资本配置
A capital-focused discussion on business models, cash flows, and long-term scalability across the stablecoin stack.
从资本视角讨论稳定币产业链各环节的商业模式、现金流质量与长期扩展能力。
16:40 – 17:20｜Governing the River 航道治理
PANEL FIVE - Scaling with Compliance and Risk Management
圆桌五：在合规与风控框架下实现规模化
This session examines how AML, legal structures, auditing, and custody define the real boundaries of stablecoin scalability.
讨论链上反洗钱、法律结构、审计与托管如何决定稳定币产品能够走多远、走多大。
17:20 – 17:30｜Arriving at the Open Sea 入海定锚
Closing & Transition to Networking
总结与转场
A brief wrap-up highlighting key takeaways and guiding participants into open networking.
主办方简要总结全天要点，并引导与会者进入自由交流阶段。
17:30 – 18:00｜Entering the Open Sea 入海共振
Open Networking
自由交流
With formal sessions concluded, participants continue conversations and explore opportunities to collaborate.
正式议程结束，进入自由交流与深度对接时间。
Speakers & Attendees 嘉宾与观众
100 people from stablecoin industry players and builders across the upstream, midstream, and downstream stack, attending in Hong Kong or based in Hong Kong.
100 位来港赴会或办公室设于香港的稳定币上中下游产业玩家及从业者
Here are the names for reference
以下名单供参考
Organizer 组织者
Mastering Stablecoin: a research-driven media platform focused on the stablecoin vertical, delivering deep-dive interviews, long-form analyses, and industry playbooks through podcasts, articles, newsletters, and social channels.
精通稳定币：以研究为导向、聚焦稳定币赛道的媒体平台，通过播客、文章、通讯和社交媒体渠道，提供深度访谈、长篇分析以及行业实战手册。Stablehunter: a tool that makes the risks of on-chain assets understandable, helping users understand, compare, and allocate on-chain stable assets by translating complex DeFi yield mechanisms into a risk-structured decision-making system.
Stablehunter：让链上资产的风险变得可理解的工具，帮助用户理解、比较并配置链上稳定资产，通过将复杂的 DeFi 收益机制，转化为基于风险结构的决策系统。
Join the Community 加入社区
🔔 You will be invited to the TG community after approval.
🔔 审核通过后，您将被邀请加入 TG 社群。