IMF Podcasts Dante Disparte on Stablecoins and the Future of Finance
Dec 2, 2025
Dante Disparte, Chief Strategy Officer at Circle, shares deep insights into the burgeoning world of stablecoins and their transformative potential. He reveals how stablecoins can tackle banking inefficiencies while ensuring financial security. Discussing regulatory challenges, he stresses the importance of trust and transparency. With about $300 billion in circulation, stablecoins stand to enhance financial inclusion globally. Disparte also envisions a future where stablecoins work alongside traditional banks, creating a harmonious financial ecosystem.
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Stablecoins As Electronic Money 2.0
- Stablecoins are an upgrade on electronic money that deliver trust and control in a digital form factor.
- They let people send, spend, save, and secure money anywhere with a basic internet device.
Lessons From A Stablecoin Collapse
- Past failures produced 'stable and name only' coins that didn't deliver on promises and taught regulatory lessons.
- Disparte cites a high-profile U.S. collapse as evidence why issuers must comply with rules to earn trust.
Scale And Interoperability Of Stablecoins
- Stablecoins now total nearly $300 billion, mostly dollar-referenced, and support trillions in activity.
- They overcome payment 'walled gardens' by enabling broader interoperability at low cost.