PayPal's Crypto Head Says Banks Are Key to Unlock Stablecoin Potential

PayPal's Crypto Head Says Banks Are Key to Unlock Stablecoin Potential

Banks need to be part of crypto for stablecoins to succeed—that was the message from Jose Fernandez da Ponte, PayPal’s senior vice president of digital currencies, during a panel discussion at Consensus 2025 in Toronto."It might sound counterintuitive, but you do want the banks in this space," Fernandez da Ponte said, adding that their infrastructure—from custody to providing fiat rails—will be essential if stablecoins are to scale beyond crypto…

Can Stablecoins Thrive Without Banks?

The post Can Stablecoins Thrive Without Banks? appeared on BitcoinEthereumNews.com. The increasing impact of digital assets on global finance has led to a larger conversation about the potential of stablecoins. At the Consensus 2025 event held in Toronto, senior figures like PayPal’s Jose Fernandez da Ponte and MoneyGram’s Anthony Soohoo stressed the indispensable role banks play in advancing the stablecoin ecosystem. Why Are Banks Essential? Fe…

Managers of PayPal and MoneyGram highlight that stablecoin are a necessary reality in many sectors, as they bring operational and financial benefits. However, regulatory clarity and the participation of banks will be crucial elements for the sector. *** Executives see banking infrastructure essential to scale up the use of stablecoins US legislation could unlock new issuers and consolidate the market Real use, not “hype”, will determine if the s…

Traditional Banks Drive Stablecoin Surge in Crypto Markets

Traditional banks are becoming increasingly interested in stablecoins due to competitive concerns. Stablecoins primarily enhance payment facilitation and transaction ease despite their yield potential. Continue Reading:Traditional Banks Drive Stablecoin Surge in Crypto Markets The post Traditional B...