Raj Parekh, former head of crypto at Visa and current member of the Monad Foundation, discussed the transformative potential of stablecoins in global payments. He emphasized that the 2019 announcement of Libra marked a turning point, compelling traditional financial institutions to seriously consider cryptocurrency. Parekh highlighted the need for improved infrastructure to facilitate real-time, low-cost transactions. He pointed out that stablecoin models are evolving, with innovations such as interest generation during transfers becoming increasingly significant. Additionally, Parekh suggested that AI agents and high-frequency finance could play crucial roles in reshaping payment systems, enhancing global efficiency and accessibility.