The continued growth of digital currencies – whether as a means of payment, investment asset or hedge against the dollar – continues to upend the traditional financial landscape. Jesse McWaters, global head of regulatory advocacy at Mastercard, joins Patricia Haas Cleveland, OMFIF’s US president, to discuss the key drivers of the growth in cryptocurrencies, stablecoins and CBDCs and implications for the evolving payments system, regulatory challenges and public-private sector collaboration.
