During the Paxos Global Dollar Network event in NYC, industry leaders discussed the imminent transformation brought by stablecoins in global finance. They predict the next three years will witness rapid digital asset development, with a significant shift towards global stablecoins expected by 2027. Key speakers, including Anchorage's Sergio Mello, emphasized that stablecoins will evolve from niche instruments to essential components of the monetary system, improving payment flows and real-world applications in sectors such as remittances and B2B payments. Despite institutional adoption starting to emerge, challenges remain for traditional banks due to legacy systems and compliance risks. Nevertheless, major players, including Mastercard and Worldpay, highlighted their ongoing initiatives to integrate stablecoins into mainstream financial operations, leading to potential 'critical mass' within the next 12 to 24 months.

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