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 Introduction03:19 Circle Payments Network (CPN) launch and its ambitious goals05:24 Regulatory challenges for hybrid financial institutions like Circle07:40 CPN’s focus on reinventing cross-border payments for SMBs10:48 Compliance and travel rule as value-add for payment networks19:05 PayPal’s 3.7% yield on PYUSD and regulatory implications24:39 Yield-bearing stablecoins vs. payment stablecoins: Legal and tax complexities29:02 Crypto firms applying for bank charters: Trends and motivations40:33 State vs. federal regulation for stablecoins and global reciprocityThis episode is brought to you by VisaA 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***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

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