Stablecon Execs Foresee Financial Infrastructure Revolution Amid Circle’s IPO and Growing Stablecoin Adoption

As Circle progresses toward its IPO and the inaugural Stablecon event concludes in New York, industry leaders are doubling down on stablecoins’ transformative potential. Spencer Spinnell, Circle’s Americas VP, dismisses reductive comparisons: "To call stablecoins merely a new payment form WOULD be like calling the internet a better fax machine."

Visa’s Catherine Gu issued a stark warning to traditional finance: "Every bank, asset manager, or financial institution needs a stablecoin strategy by 2025—it’s imperative." The sentiment echoes Bank of America CEO Brian Moynihan’s February remarks about entering the stablecoin arena pending regulatory clarity, followed by reports of major banks exploring joint stablecoin issuance.

While Tether’s $1 billion Q1 profits spotlight the sector’s profitability, M0 CEO Luca Prosperi suggests TradFi players should prioritize distribution infrastructure over issuance. The stage is set for a collision—or collaboration—between crypto-native systems and institutional capital.