The Path for Stablecoins: From Acceptance to Adoption and Industry Aspirations

With the passage of the GENIUS Act and the possibility of additional regulation, stablecoins and cryptocurrency are now mainstream in the payment's ecosystem. Financial institutions, payment processors and others must separate fact from fiction when analyzing opportunities and risk in the digital asset industry. This session will discuss recent developments in decentralized finance, stablecoins and other cryptocurrency. Speakers delve into how financial institutions can mitigate risk and protect both themselves and consumers when participating in the digital asset industry and discuss recent regulatory developments and provide practical guidance on how financial institutions and others in the payment industry can use digital assets. Finally, the panel will discuss the role that both decentralized autonomous organizations (DAOs) and exchanges play in protecting consumers, supporting AML/CFT/OFAC, and keeping “bad actors” off the platforms.