Paxos co-founder and CEO Charles Cascarilla said stablecoins pull people into Web3 because they solve problems.
The CEO of crypto brokerage and stablecoin firm Paxos said the global financial system will eventually run on blockchain rails.
At the Bitcoin MENA event in Abu Dhabi, Paxos co-founder and CEO Charles Cascarilla told Cointelegraph in an interview about its new Global Dollar stablecoin network and how stablecoins improve the utility of the dollar.
On Nov. 5, Paxos announced the launch of its Global Dollar (USDG) stablecoin and the Global Dollar Network in partnership with financial companies including Robinhood, Galaxy Digital and Kraken. The network aims to create a consortium supporting stablecoin adoption.
