Paxos Head of Strategy, Walter Hessert, shared insights about the growing demand for stablecoin infrastructure, highlighting a notable increase in interest from firms. This surge in demand is exemplified by Mastercard's recent decision to join the Global Dollar Network to support regulated stablecoins. Hessert mentioned that Paxos has a longstanding partnership with Mastercard, emphasizing their collaborative innovations involving stablecoins. He noted that current stablecoin models are not adequately meeting market needs, prompting discussions with TradFi firms on utilizing stablecoin technology. Furthermore, there's a rising interest in tokenized deposits among banks, partly driven by legislative developments like the draft of the GENIUS Act. This act is pushing banks to explore tokenization's implications and interactions with stablecoins, reinforcing the shift toward digital financial solutions.

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