Odaily News In an open letter to major U.S. presidential candidates, Paxos CEO Charles Cascarilla urged them to adopt stablecoins to maintain the global dominance of the U.S. dollar and improve the inefficiency of the traditional banking system, comparing the traditional financial system to the outdated efficiency of the post office. Cascarilla said that the next presidential administration may determine the future leadership of the United States in the global financial industry. Blockchain and stablecoins are reshaping the financial system to make it symbiotic with the Internet. (Cointelegraph)