OKX Highlights TOKEN2049 Dubai’s Web3 Breakthroughs and Stablecoin Expansion

TOKEN2049 Dubai concluded as a landmark event for the Web3 ecosystem, drawing over 15,000 attendees to Madinat Jumeirah. The conference showcased groundbreaking announcements, including World Liberty Financial’s (WLF) unveiling of a native stablecoin integration, signaling robust growth and institutional adoption in blockchain technology. With bullish sentiment permeating the event, the stage is set for transformative developments across decentralized finance (DeFi) and digital asset infrastructure—key areas where OKX continues to drive innovation. Below is a detailed summary of the pivotal moments shaping the future of Web3.

TOKEN2049 Dubai Concludes with Major Web3 Announcements and Stablecoin Integration

TOKEN2049 Dubai wrapped up with significant momentum as over 15,000 attendees gathered at Madinat Jumeirah, highlighting the growing ambition of the global Web3 community. The event’s final day delivered high-impact reveals and bullish sentiment, setting the stage for Ripple effects across the blockchain industry.

A key announcement came from World Liberty Financial (WLF), which unveiled the native integration of its USD1 stablecoin on the TRON network. Zach Witkoff, WLF’s Executive VP and Co-Founder, confirmed the minting process would commence with an initial volume in the hundreds of millions, positioning USD1 as a standout stablecoin contender.

OKX CEO Defends Exchange Amid Justin Sun Freeze Dispute

OKX CEO Star Xu has publicly addressed allegations from TRON founder Justin Sun, who accused the exchange of failing to act on a law enforcement request to freeze stolen funds tied to a hack of Tron’s official X account. Sun claimed OKX ignored a formal freeze notice following the May 3 breach, which saw Tron’s X account compromised by an attacker posting malicious smart contract addresses and engaging with suspicious accounts.

In a since-deleted post, Sun asserted that OKX’s compliance team remained unresponsive despite official outreach, forcing him to escalate the matter publicly. "These stolen funds do not belong to me; I’m acting to protect the community," Sun stated. Xu dismissed the allegations without detailed rebuttal, leaving the crypto community awaiting further clarity on the exchange’s compliance protocols.