Can Circle’s CPN Beat SWIFT? Ft. Elise Soucie Watts & Rob Hadick

On Ep. 28 of Tokenized, Cuy Sheffield, Head of Crypto @ Visa is joined by Elise Soucie Watts, Executive Director @ Global Digital Finance and Rob Hadick, General Partner @ Dragonfly to discuss Circle Payments Network launch, regulatory challenges and yield-bearing stablecoins vs. payment stablecoins.

Timestamps:

• 00:00 Introduction
• 03:19 Circle Payments Network (CPN) launch and its ambitious goals
• 05:24 Regulatory challenges for hybrid financial institutions like Circle
• 07:40 CPN’s focus on reinventing cross-border payments for SMBs
• 10:48 Compliance and travel rule as value-add for payment networks
• 19:05 PayPal’s 3.7% yield on PYUSD and regulatory implications
• 24:39 Yield-bearing stablecoins vs. payment stablecoins: Legal and tax complexities
• 29:02 Crypto firms applying for bank charters: Trends and motivations
• 40:33 State vs. federal regulation for stablecoins and global reciprocity

This episode is brought to you by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto.

Tokenized is also presented by Avalanche.

With Avalanche’s purpose-built Layer 1s, institutions can tailor digital asset strategies to their exact needs—while still tapping into the power of public blockchain innovation, developer communities, and seamless interoperability. Learn more at avax.network

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We’d also like to remind you that the views or opinions of our contributors today are their own and do not necessarily reflect those of the companies they are representing. Nothing we say should be taken as tax, financial, investment or legal advice, do your own research!

Music by Henry McLean