Have stablecoins found their true purpose? Today at #Money2020, Fireblocks CEO @MichaelShaulov and @CrossRiverBank CEO Gilles Gade take the stage to answer that.
At Fireblocks, we don’t just support stablecoin innovation, we help power it. Cross River is embedding stablecoin rails directly into core banking. That means real-time, 24/7 settlement across fiat and crypto for institutions.
"For us, this is a critical partnership. Cross River is at the forefront of financial technology and innovation. The ability to offer stablecoin accounts directly from your bank has been a long time coming - and Cross River will be the first bank to deliver it, powered by Fireblocks." - Michael Shaulov, @FireblocksHQ CEO #money2020USA
“Interestingly, the fastest-growing businesses in fintech right now are those specializing in offering stablecoin services across various use cases, include on and off ramps. We have seen an explosion of them coming on the Fireblocks platform, with over 350 of them onboard, at 30% growth quarter of over quarter this year. Banks are partnering with these providers to fast-track their own adoption and bring stablecoin capabilities to their customers.” - Michael Shaulov, @FireblocksHQ CEO #money2020USA #Money2020
"In the next six months we expect to see the proliferation of some basic capabilities, enabling stablecoin accounts, payouts, and the ability to receive money... with that, we will see more of the flows shift from traditional rails into these new rails. Next will be the transformation around RWAs. On one hand, you can think about it as bringing more asset classes on-chain, but there’s actually a much bigger story of programmability here. We're about to experience what new financial products, activities, and utilities we can build on the new rails that simply weren’t possible before - with exponential unlocks that come when we have a fully democratized, programmable rail that’s compatible with the future." - Michael Shaulov, @FireblocksHQ CEO #money2020USA #money2020
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