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UBS Napa Recap "Stablecoin Infrastructure Panel with Paxos, Allium, and..."

Published: 2026-07-08Institution: UBS EquitiesPages: 16Original language: 英语Evidence page: 2

Research evidence excerpt

UBS Napa Recap "Stablecoin Infrastructure Panel with Paxos, Allium, and..."

tory clarity and the continued build-out

of tokenized financial infrastructure. Tokenization of real world assets (stocks, bonds,

commodities, etc.) were noted to be a key potential drivers for stablecoin adoption, with

stablecoins and tokenized deposits becoming efficient settlement instruments. Our

panelist from Paxos highlighted broader adoption by traditional financial institutions as a

key objective, supported by regulated infrastructure, trust and security. Our panelist

from zerohash noted that future growth may increasingly come from account to

account value movement, where end users may not know a stablecoin is being used in

the background, but platforms select the rail because it is cheaper, faster and available

24/7. The panel also argued that stablecoin market capitalization is an incomplete

measure of adoption, as the core utility of stablecoins is in motion rather than at rest.

Even if market cap has flattened, rising adjusted volumes point to higher velocity and

greater stablecoin utilisation.

Additional Research:

Stablecoin Series:

Stablecoin discussion #1 with BVNK (link)

Stablecoin discussion #2 with Tom Noyes (link)

Stablecoin discussion #3 with Simon Taylor (link)

Stablecoin discussion #4 with Paxos (link)

Stablecoin discussion #5 with Orbital (link)

Stablecoin discussion #6 with Highnote (link)

Stablecoin discussion #7 with Ubyx (link)

Stablecoin Discussion #8 - Fireside with Standard Chartered head of CIB Business

Platforms & Partnerships (link)

Stablecoin discussion #9 with BVNK, Sling Money, Agant, and Orbital (link)

Stablecoin discussion #10 with Fnality, Sygnum, and Zero Hash (link)

Stablecoin discussion #11 Pints & Payments with Ubyx, Velocity, Illumina, and

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