Thomas Cowan

Thomas Cowan, a former Federal Reserve researcher and now Head of Tokenization at Galaxy Digital, discusses the transformative power of stablecoins. He highlights how stablecoins outperform banks by enabling cheaper, faster transactions and closing the on-chain/off-chain gap. Cowan contrasts stablecoins with CBDCs, emphasizing regulatory clarity and the private sector's speed in developing solutions. He shares insights on Europe’s AllUnity launch, the potential for capital efficiency akin to AI's impact, and how stablecoins can facilitate new economic integration and innovative use cases.