In a groundbreaking move, Input Output Global has announced the creation of a new stablecoin venture, XSY, in October 2023, poised to redefine the blockchain ecosystem by focusing on economic activity and value creation. With the strategic appointments of W. Sean Ford as CEO and David Markley as COO, XSY is set to embark on a mission to enhance market access, usage, and overall economic activities through a well-integrated set of capabilities and partnerships.
Addressing Blockchain Inefficiencies
Historically, blockchain strategies have often employed a ‘Field of Dreams’ approach, relying on the creation of tokens or assets in the hope of gaining traction within a broader ecosystem. However, this method has shown limited success, reflecting an immature understanding of blockchain ecosystem development and value creation. XSY aims to shift this paradigm by implementing a systemic approach to accelerate economic activity and use. By building an integrated set of capabilities and partnerships, XSY is designed to deliver more predictable outcomes, deepening market access, and expanding economic activity. Furthermore, the current lack of consistent value metrics has hindered the understanding of economic health within blockchain ecosystems. XSY seeks to establish consistent economic health measurements akin to those in traditional financial systems, providing a clearer understanding of blockchain economies.
Unlocking Economic Access and Wealth Creation
The global financial system and macroeconomies face inefficiencies such as high costs in cross-border transactions, inaccessible financial services, and extreme currency or price volatility, particularly in developing countries. These issues prevent large parts of the global population from accessing basic goods or services or from earning a sustainable income and creating wealth. XSY is poised to address these challenges by providing the tools for delivering trusted technology with partners, enabling a series of innovative and diverse digital assets that complement traditional financial tools as well as fiat-backed stablecoins. This initiative aims to promote broader blockchain adoption and more efficient financial services and commerce, ultimately creating a capital-efficient system that unlocks more value than it encumbers in collateral.
Building Trust and Enhancing Liquidity
XSY recognizes the critical role of stable assets in mitigating uncertainties, reducing transaction costs, and enabling a seamless flow of commerce. By focusing on economic principles, supporting ecosystems, and practical relevance, XSY aims to amplify liquidity in burgeoning blockchain ecosystems while establishing trust across the global blockchain landscape. CEO W. Sean Ford emphasizes the importance of creating a capital-efficient system that not only addresses the present inefficiencies but also paves the way for a future where economic access and wealth creation are significantly enhanced on the blockchain.
As XSY embarks on this ambitious journey, its systemic approach combined with a focus on stable assets and economic activity paves the way for a more efficient and equitable global economic landscape. By addressing the inefficiencies and uncertainties of current blockchain strategies, XSY stands at the forefront of revolutionizing blockchain economics, fostering broader adoption and facilitating commerce across the globe.