Paxos CEO Charles Cascarilla envisions a future where the global financial system operates on blockchain technology. Speaking at the Bitcoin MENA event in Abu Dhabi, he highlighted the launch of Paxos' Global Dollar (USDG) stablecoin and its network, developed with partners like Robinhood and Kraken. This initiative aims to boost stablecoin adoption by allowing partners to earn and distribute interest, addressing market demand for interest-yielding options. Cascarilla emphasized that stablecoins enhance the dollar's utility by enabling 24/7 access and instant transfers, making them a transformative blockchain application.