For years, Wall Street has been stuffed with crypto sceptics, who couldn’t see the point in digital assets. But now, even the most straight-laced parts of traditional finance are starting to see new use cases. Last month, President Trump signed into law the GENIUS Act, which signals a new era for one type of cryptocurrency in particular: stablecoins. It’s easy to see how these tokens backed by other assets, usually the dollar, could make transactions simpler. But it’s also easy to see how they could pose a threat to the stability of the financial system as we know it.

Hosts: Mike Bird, Ethan Wu and Alice Fulwood. Guests: Sandy Kaul, head of innovation at Franklin Templeton; and Johann Kerbrat of Robinhood.