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PayPal senior vice president: The payment ability of stablecoins may be decoupled from the earning power of money market funds in the coming years

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2024-06-11 04:20:35
Jose Fernandez da Ponte, senior vice president and head of blockchain at PayPal, said in an interview that the payability of stablecoins could decouple from the earning power of money market funds in the coming years.
Fernandez said, I think in a few years, you will see corporate treasurers keep liquidity in money market funds, and when they need to make payments, they will convert money market funds into stablecoins and make payments because there is a purpose.
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