PayPal and Visa executives discussed the future of stablecoins and regulation at the DC Fintech Week.
The stream will commence at 9:25 a.m. ET. Kindly refresh the page if no player is visible at that time.
A panel titled "Stablecoins Unleashed: Innovations, Integrations, and Possibilities" will be held at DC Fintech Week on Wednesday morning.
The discussion on the future of cryptocurrency will feature Jose Fernandez da Ponte, CEO of PayPal Digital; Cuy Sheffield, head of crypto at Visa; and Anna Yuan, founder of stablecoin infrastructure provider Perena. Robby Greenfield, CEO and founder of Umoja Labs, will moderate the discussion.
Stablecoins, which are cryptocurrencies that maintain a fixed value peg to another asset, are widely used for trading on centralized and decentralized exchanges and as collateral in decentralized finance. While their primary use is trading, their non-trading applications are gaining popularity. For payments companies, they can eliminate intermediaries and process transactions more transparently, efficiently, and cost-effectively.
Stablecoin market cap has surged to new highs in recent weeks, following a significant decline in 2023. According to Wall Street firm Bernstein, stablecoin issuers now hold the 18th largest amount of U.S. Treasurys.
Markets
You might also like
- SEC imposes over $100 million fine on Vanguard for target date retirement fund violations.
- After data shocks, traders predict more Bank of England rate cuts in 2025.
- The yield on 10-year Treasury notes decreases, marking a continuation of the retreat from the 14-month high.
- The impending U.S. sanctions on Russian crude are causing India to face an 'oil shock'.
- BlackRock predicts another historic year for crypto.