Stablecoins have their 'permission slip.' Now comes the hard part.

Executives from MoonPay, Ripple and Paxos said at Consensus Miami 2026 that regulation has accelerated stablecoin adoption, but infrastructure, privacy and distribution remain major hurdles. What to know : MoonPay’s Richard Harrison said the GENIUS Act gave firms a “permission slip” to enter stablecoins. Ripple’s Jack McDonald said institutional adoption depends on regulation, trusted partners and clear utility beyond market cap. Paxos’ Brent Perrault said privacy and infrastructure must improve before stablecoins can fully support mainstream payments.