Home News Cryptocurrency

OIO aims to be ‘bastion of light’ in a complex crypto world

Lim Hui Jie
Lim Hui Jie5/26/2022 04:44 PM GMT+08  • 8 min read
OIO aims to be ‘bastion of light’ in a complex crypto world
OIO's executive director Yusaku Mishima says its goal is to make cryptocurrency accessible to everyone, while providing users with correct and sufficient information to understand its risks
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The cryptocurrency world was rocked by the sudden collapse of two of the biggest digital coins TerraUSD (also known as UST) and Luna in early May. Volatility is not uncommon in the cryptocurren­cy market, but what is unique was that UST was a so-called “stablecoin” — which means that one token equals US$1 ($1.37).

The collapse was akin to the dollar plum­meting to the value of one cent overnight. More than US$200 billion in market value was wiped off all cryptocurrencies, as crypto proponents struggle to find a reason to continue investing.

In a space where credibility seems to be at a premium, Singapore’s first listed blockchain company OIO Holdings aims to be a “bastion of light to help users find a path amidst this complicated ecosystem”, claims executive di­rector Yusaku Mishima in an interview with The Edge Singapore.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now