Stablecoins have their 'permission slip.' Now comes the hard part.
Key takeaways
- Ripple’s Jack McDonald said institutional adoption depends on regulation, trusted partners and clear utility beyond market cap.
- Richard Harrison, MoonPay’s vice president of banking and payment partnerships, said traditional finance firms are entering stablecoins faster because regulation has made the market easier to navigate.
- “What GENIUS brought us was clarity,” Harrison said. “It was like a permission slip for companies to enter into stablecoins.”
Ripple’s Jack McDonald said institutional adoption depends on regulation, trusted partners and clear utility beyond market cap. Paxos’ Brent Perrault said privacy and infrastructure must improve before stablecoins can fully support mainstream payments.Stablecoins have moved from crypto niche to an institutional priority, but the next phase of adoption will depend on infrastructure, privacy and real-world usability, executives from MoonPay, Ripple and Paxos said at Consensus Miami 2026.
Richard Harrison, MoonPay’s vice president of banking and payment partnerships, said traditional finance firms are entering stablecoins faster because regulation has made the market easier to navigate.
“What GENIUS brought us was clarity,” Harrison said. “It was like a permission slip for companies to enter into stablecoins.”