Paxos CEO Charles Cascarilla underscored the significant impact of stablecoins on global payment systems during his address at the Federal Reserve’s Payments Innovation Conference. He emphasized that stablecoins offer a reliable and efficient means of transferring value across borders. Cascarilla highlighted the potential of stablecoins to enhance financial inclusion and streamline transactions. He also discussed the regulatory landscape surrounding stablecoins, noting the importance of collaboration between industry leaders and regulators to ensure a secure and innovative future.
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