Can Stablecoin Ecosystems Thrive Independently of Traditional Banking?

The growing influence of digital assets on global finance has sparked a debate about the future of stablecoins, particularly their potential for independent success. At Consensus 2025 in Toronto, experts like PayPal’s Jose Fernandez da Ponte and MoneyGram’s Anthony Soohoo underscored the crucial role banks play in advancing this space. However, the discussion also delves into the possibility of stablecoins flourishing without traditional financial institutions.