Stablecoins' dominance due to limitations of US banking — Jerald David
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The panel at TokenizeThis 2025, in New York City, centered on yield-bearing stablecoins, KYC, and the dominance of US-pegged stablecoins.
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.
The panel discussion centered on yieldcoins or, essentially, the rising of cryptocurrencies that can generate yield through holding, staking or lending, like stablecoins.
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