Stablecoins Need to Build Trust for Mainstream Adoption: Paxos CEO Cascarilla

The video discusses the nature and regulation of stable coins, highlighting the differences between various types and the importance of being fully backed, audited, and regulated. It emphasizes the need for trust and oversight in the financial system, particularly for mainstream adoption. The challenges of early regulation are noted, but the potential for stable coins to transform payment systems and increase financial inclusion is significant. Regulatory concerns, such as money laundering and tracking, are addressed, with a focus on the benefits of regulated stable coins.

In what ways can stable coins contribute to financial inclusion?

What is the significance of having a central bank involved in the issuance of stable coins?