Amarpreet Singh, Emurgo’s global head of business development, emphasized at India Blockchain Week 2024 that blockchain networks must prioritize interoperability to promote widespread Web3 adoption. Singh highlighted that users should not need multiple wallets or exchanges to navigate different blockchain networks. He asserted that achieving interoperability is a central mission for Emurgo, especially within the Cardano ecosystem. Singh noted that as Cardano is not an Ethereum Virtual Machine (EVM) chain, Emurgo must clarify how it interacts with other ecosystems. Key benefits of interoperability outlined by Emurgo include improved liquidity, a broader user base, enhanced inter-blockchain communication, and greater economic security. Furthermore, Singh discussed the role of stablecoins in attracting mainstream users, emphasizing their potential to reduce volatility concerns, which is crucial for the mass adoption of blockchain technology.

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