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4 Questions CFOs Need to Ask as Wall Street Embraces Stablecoins

  • Stablecoins are gaining traction in the traditional financial sector, with BNY Mellon agreeing to hold Ripple's stablecoin reserves.
  • CFOs must consider where stablecoins fit into their financial architecture and determine appropriate conditions for their use.
  • Stablecoins come in various forms, backed by different assets and governed by different mechanisms, requiring thorough understanding and governance.
  • While offering benefits like faster settlements and global interoperability, stablecoins also introduce complexities that CFOs need to navigate, including governance and potential risks.

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