Paxos CEO Highlights Stablecoin Role in Global Payments at Fed Conference
At the Federal Reserve’s Payments Innovation Conference, Paxos CEO Charles Cascarilla emphasized the disruptive potential of stablecoins to reshape global payments. Speaking to a regulatory and industry audience, he presented stablecoins as a practical tool for speeding settlement, cutting costs and expanding access to digital payments without necessarily replacing existing rails. The comments matter because they signal growing dialogue between stablecoin issuers and policymakers at high-profile forums, which can influence regulatory clarity and adoption timelines. For markets and institutions, clearer rules and better interoperability could accelerate use in cross-border transfers, remittances and corporate treasury operations — developments investors and payments providers will be watching closely.