Mega Matrix Executive Vice President Colin Butler has criticized traditional finance (TradFi) for underestimating the transformative potential of stablecoins. Butler argues that TradFi's reluctance to engage with stablecoins, due to waiting for regulatory clarity, is a missed opportunity. He points out that stablecoins are becoming integral to a new financial infrastructure, offering benefits such as instant settlement, 24/7 availability, and programmable money flows.
Butler also stresses the importance of the cryptocurrency industry adopting risk management and disclosure standards from traditional finance. He believes that implementing these standards is crucial for the crypto sector to mature and gain broader acceptance.
Mega Matrix EVP Criticizes TradFi's Hesitation on Stablecoins
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