World Bank, IFC alum Kavita Gupta explains impact of PayPal’s stablecoin on global finance scene

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Bloomberg

PayPal announced the launch of its stablecoin pegged to the US dollar and the company stock soared over 3%. In an interview with Bloomberg Technology, Delta Blockchain Fund’s Kavita Gupta shared her insights on the development. She highlighted that stablecoins’ growing global adoption and their potential to reshape finance as we know it. Kavita, who was previously associated with the World Bank and the IFC, emphasized three key impacts: revolutionizing remittance systems, enhancing small business payments, and reinforcing the US dollar’s global dominance. She also addressed concerns about regulatory transparency, urging stablecoin projects to demonstrate financial accountability. She welcomed PayPal’s initiative as a technological advancement and catalyst for regulatory conversations.

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Smit Khakhkhar comes from a cyber-security and deep tech background, got started with crypto in 2013 with bitcoin mining, have helped some of the largest Indian companies with cybersecurity. Smit is on the Technical side, Evaluating technical aspects of companies and Research, helping portfolio companies with Technology, and building open source projects under Delta.

Prior to joining Delta, Smit was Co-Founder and CTO of CoinCrunch India, which is one of India’s first crypto news platform Smit has worked with various Indian exchanges including CoinDCX, CoinDelta and various projects in technical capacity.

Kavita Gupta is the founder & Managing Partner of Delta Blockchain Fund. She has over 18 years of investment experience via The World Bank, IFC, and Eric Schmidt Family office and started one of the first Blockchain early-stage funds, ConsenSys Ventures, and accelerator Tachyon. Kavita has invested first checks into sector-defining companies such as Polygon, Starkware, Quantstamp, and Sorare to name among over 100 companies – she is also a visiting scholar at Stanford University teaching the Beyond Bitcoin class and an advisor to the Hus Institute, the UNICEF Giga project, the Katapult investment fund, the International Emmys and more. In 2015, Kavita received the UN Innovation Award for being one of the core members of creating green and social impact bonds.

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