US Stablecoin Legislation Will Transform Crypto, Says Sui Foundation’s Christian Thompson
Christian Thompson, Managing Director of the Sui Foundation, stated that bipartisan U.S. stablecoin legislation will be a powerful mechanism for driving capital formation and retail onboarding into Web3 ecosystems.
Speaking with Benzinga on the sidelines of Sui basecamp in Dubai, Thompson, a former Meta Deputy Chief Information Security Officer and Libra/Diem project contributor, emphasized stablecoins’ role in enabling fast, inexpensive, and reliable cross-border transactions.
“It’s a powerful method to bring people into Web3 and all the benefits that it has,” Thompson said, highlighting stablecoins’ ability to break down barriers between brokers and makers across countries, particularly in developing nations.
“Anytime you’re sending money between two people from one place to another, it’s super fast, super reliable, [and] very inexpensive to do,” he noted.
This efficiency, he argued, …
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