Stablecoins' dominance due to limitations of US banking — Jerald David

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Stablecoins rose to popularity as a result of limitations in the US financial system — particularly restricted banking hours and the lack of a non-USD trading pair, according to Jerald David, president of Arca Labs.“So we start thinking about the reason why, we start talking about the nine-to-five banking hours,” David said during a panel at TokenizeThis 2025 event on April 16.

But David pointed out that stablecoins have several use cases beyond yield generation, including payments.“Using this stable token to buy a cup of coffee is not something that really should require AML or KYC for somebody.”Nick Carmi, head of exchange at Figure Markets, suggested that part of the solution could be a trust-based KYC system that allows users to carry their credentials across platforms.

The panel discussion centered on yieldcoins or, essentially, the rising of cryptocurrencies that can generate yield through holding, staking or lending, like stablecoins.“Well, nine-to-five banking hours don’t work, right?

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Article Details

Author / Journalist: Cointelegraph by Christopher Tepedino

Category: Crypto

Markets: United States

Topics: Stablecoins Centered 2025 Yield-bearing Tokenizethis David Users Financial Banking Panel Hours

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 23:45:00 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 27956636

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