RE: LeoThread 2024-10-29 05:12

[taskmaster4450le]

Stablecoins essential for US dollar’s future, says Paxos CEO

Harris and Trump are both urged to adopt favorable stablecoin regulations to maintain the US dollar’s supremacy for the coming years in an open letter from the CEO of Paxos ahead of the US elections.

An open letter to leading United States presidential candidates written by Paxos CEO Charles Cascarilla urges them to adopt stablecoins to maintain the US dollar’s global dominance and improve inefficiencies in the traditional banking system.

#stablecoins #usd #crypto #paxos

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[taskmaster4450le]

The next presidential administration could determine the United States’ future leadership in the global financial industry, Cascarilla wrote in an open letter published on Oct. 29.

[taskmaster4450le]

Blockchain and stablecoins are “replatforming the financial system” to make it symbiotic with the internet, Cascarilla wrote. He stated:

“Stablecoins or digital dollars—U.S. dollars digitized via blockchain technology—are the crucial upgrade for the payment system that will revolutionize money movement, allow greater participation in the global economy and ensure the supremacy of the U.S. dollar for years to come.”

[taskmaster4450le]

Article

[taskmaster4450le]

Do we need politicians to make this come true? Isnt this something the private, global sector can handle on its own.

Money is the realm of merchants...not so much governments.