Raj Parekh, former head of crypto at Visa, has likened stablecoins to the "email moment" for money, highlighting their potential to revolutionize financial transactions. Parekh noted the 2019 Libra announcement as a pivotal event that integrated cryptocurrency into mainstream finance. However, he acknowledged that infrastructure and regulatory challenges have caused major players to hesitate. Now leading Monad's payment ecosystem, Parekh is advocating for advancements in crypto infrastructure. He believes stablecoins can facilitate fast, low-cost transfers but emphasizes that the industry is still in its early stages. He also pointed out that the U.S. GENIUS Act is influencing stablecoin models, while AI agents are expected to drive the next evolution in crypto payments.