Paxos CEO Charles Cascarilla told the Federal Reserve’s Payments Innovation Conference that stablecoins have the potential to disrupt and reshape global payments. His remarks framed the technology as a driver of faster, cheaper cross-border transfers and deeper engagement between industry and regulators.

Citi Ventures has strategically invested in BVNK to help scale its stablecoin infrastructure worldwide. With BVNK already processing $15 billion in annualized transactions and plans to expand stablecoin payments across all 50 U.S. states, this partnership highlights the growing adoption of stablecoins in business transactions.