In an open letter to Donald Trump and Kamala Harris, Charles Cascarilla highlighted the role of stablecoins in maintaining the US dollar’s global dominance and improving banking efficiency.
An open letter to leading United States presidential candidates written by Paxos CEO Charles Cascarilla urges them to adopt stablecoins to maintain the US dollar’s global dominance and improve inefficiencies in the traditional banking system.
The next presidential administration could determine the United States’ future leadership in the global financial industry, Cascarilla wrote in an open letter published on Oct. 29.
Blockchain and stablecoins are “replatforming the financial system” to make it symbiotic with the internet, Cascarilla wrote. He stated:
