Joël Lightbound at the Industry, Science and Technology Committee

On December 5th, 2024. See this statement in context.

December 5th, 2024 / 9:10 a.m.

Liberal

The Chair Liberal Joël Lightbound

Thank you, Mr. Patzer.

Before I turn it over to Mr. Turnbull, I'd like to ask you a follow-up question, Mr. Abou Daya.

You mentioned in your opening remarks that you have some experience in blockchain. This committee has studied blockchain in the past. What role do you think this innovation can play in making it cheaper for consumers to transact?

We see that Tether is now the third-largest buyer of U.S. treasuries. PayPal has launched its own stablecoins.

What role do you think blockchain can play in this ecosystem?

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